XE CURRENCY CONVERTER
| 1.00 JPY | = | 0.0597374 CNY |
| Japanese Yen | ↔ | Chinese Yuan Renminbi |
| 1 JPY = 0.0597374 CNY | 1 CNY = 16.7399 JPY |
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Mid-market rates: 2013-05-21 10:28 UTC
USD/JPY2013-05-21 06:07 UTC
USD-JPY met good demand on dips as the 102 handle held in early Asia. Japan's Economy Minister Amari appeared to backtrack on his weekend remarks, which encouraged yen selling on upticks. USD-JPY rebounded out of 102.00-10 to reach the 102.75 area. However, upward momentum ran out of steam due to good exporter offers and light profit taking. The BoJ's two-day policy meeting started today, but no change in policy is expected. Yen bears will ... Read More ►
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XE Market Analysis
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North American Edition2013-05-20 09:50 UTC
Sentiment is positive as stocks maintained firm levels in Asia and Europe after Friday's positive close for U.S. The debate over Fed policy tapering is expected to drive action ahead of Wednesday's testimony from Fed Chairman Bernanke. EUR, GBP and the commodity bloc currencies are just a short distance from recent lows. However, excessive speculative positioning was flagged as a potential risk in quiet European trade and could be influential over the ... Read More ►
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European Edition2013-05-21 06:07 UTC
The dollar was weighed by further repositioning head of Wednesday's testimony from Fed Chairman Bernanke. The dollar is perhaps due a slight correction after various proprietary models point to excessive long positions. JPY saw more selling pressure on upticks today after Japan Economy Minister Amari offered clarification on his FX positions after he appeared to call an end to yen selling on the weekend. Overnight, he called for FX markets to strike the ... Read More ►
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Asian Edition2013-05-17 17:41 UTC
The dollar got a boost from some strong Michigan sentiment and leading indicators on Friday, which reignited the sustainable U.S. growth meme once again. Stocks rallied, Treasury yields bounced, as risk appetite returned just in time for the weekend. EUR-USD ran into a band of sell stops around 1.2850 ahead of the data, taking the pairing to 1.2820 lows, before briefly dipping under 1.2800 in the aftermath of the data. USD-JPY meanwhile, moved to trend ... Read More ►
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