Today's CNY to JPY Price Update

Summary

This report provides the real-time exchange rate between the Chinese Yuan (CNY) and Japanese Yen (JPY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Chinese Yuan (CNY) and Japanese Yen (JPY) are both major fiat currencies in Asia. The exchange rate between them reflects economic conditions, trade relations, and monetary policies of China and Japan, as well as broader global economic trends.

Today’s Price

• 1 CNY = 21.92 JPY
• 24h High: 21.9747 JPY
• 24h Low: 21.9521 JPY

Market Analysis

Recent CNY/JPY exchange rate movements have been influenced by various economic factors and market sentiment. The current trend shows relatively stable trading within a narrow range.

• Technical Analysis: Traders are utilizing indicators such as RSI, MACD, and Moving Averages to track price trends and identify potential momentum shifts.
• Trading opportunities: Watch for potential breakouts from the current trading range and consider technical indicators for entry and exit points.

Conclusion

Continue monitoring the CNY/JPY pair, integrating technical analysis with broader economic indicators. Traders should stay alert to any significant news or economic data releases that could impact the exchange rate between these two major Asian currencies.