About this pair
CNH/JPY: what to know
The CNH/JPY rate shows how much JPY you get for 1 CNH. Right now, 1 CNH buys 23.8283 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0420 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while JPY responds to Bank of Japan policy and global risk appetite.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.