About this pair
JPY/CNH: what to know
The JPY/CNH rate shows how much CNH you get for 1 JPY. Right now, 1 JPY buys 0.0423 CNH at the mid-market rate. In the other direction, 1 CNH is worth 23.6383 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while CNH responds to sentiment toward China and offshore flows.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.