Chinese yuan banknotes are stacked up at a currency exchange in the Shinjuku district of Tokyo, Japan, on June 9. Photo: Bloomberg
Chinese yuan banknotes are stacked up at a currency exchange in the Shinjuku district of Tokyo, Japan, on June 9. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Japan’s experience points to challenges for Chinese yuan

  • Current upward pressure on the US dollar-yuan exchange rate is essentially a function of greenback strength, not renminbi weakness
  • The real challenge will be if market sentiment starts to incorporate a bearish view on the yuan, as it has with the Japanese yen

Chinese yuan banknotes are stacked up at a currency exchange in the Shinjuku district of Tokyo, Japan, on June 9. Photo: Bloomberg
Chinese yuan banknotes are stacked up at a currency exchange in the Shinjuku district of Tokyo, Japan, on June 9. Photo: Bloomberg
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