JPY/CNY: what to know
The JPY/CNY rate shows how much CNY you get for 1 JPY. Right now, 1 JPY buys 0.0437 CNY at the mid-market rate. In the other direction, 1 CNY is worth 22.8842 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while CNY responds to PBoC decisions and Chinese growth.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the JPY/CNY rate has ranged between 0.0413 and 0.0485 — a change of -11.10% versus a year ago.
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.