LCH: RMB to Surpass Yen as Second Largest USD-Linked Options Currency Globally
Wallstreetcn·- The position of the Chinese yuan in the global foreign exchange options market is rapidly rising, with London Clearing House (LCH) forecasting it will surpass the USD/JPY pair by 2028. - Current data shows that daily trading volume for yuan options is closing the gap with yen options, and the yuan has increased its share of global currency trading. - Factors driving yuan adoption include expanding trade, rising demand for risk management, and growing participation from non-bank entities in the international market.