Chinese Yuan Expected to Surpass Japanese Yen in FX Options Trading, LCH Predicts

Gate News message, April 23 — According to Andrew Batchelor, head of LCH ForexClear, the Chinese yuan is expected to surpass the Japanese yen as the second most actively traded currency against the U.S. dollar in foreign exchange options markets.

Batchelor stated that when the Bank for International Settlements releases its triennial survey of foreign exchange and over-the-counter derivatives markets in 2028, the USD/offshore Chinese yuan (USD/CNH) currency pair may rank second, behind only the EUR/USD pair.

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