Resolved Question
Do you think Japanese Yen and Chinese Yuan are lumped together in USD/JPY?
Or are they traded separately? But if not traded separately, how much impact does the Yuan have on the Yen?
12 months ago
Best Answer - Chosen by Voters
These currencies are traded separately, as mentioned in the answers above. But they do have significant effects on each other since there are some correlations between Japanese and Chinese economic data. Both Japan and China are Asian superpowers and a rally in either of their stock markets could influence the other because risk sentiment in the Asian market could be pretty contagious. Another instance, an improvement in either the Japanese or Chinese economy could be good news for the other nation's currency because of the strong trade ties between the two nations.
12 months ago
Answers (2)
Chinese Yuan is CYN, which is different from JPY; and which means that they are not lumped together.They may import or export goods but the amount the Yen exports and imports to countries like US, UK, EUROZONE, etcetera -- affects its fundamental side much more than the Yuan. Keep in mind that the import/export is only a small part of fundamental analysis...
12 months ago
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They are traded separately. JPY is the Japanese currency, the yen, while CNY is the Chinese currency, the Yuan. However, the Yuan is not of the major currencies traded (as of now) while the USD/JPY pair one of the major currency pairs.
12 months ago
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