The London Clearing House states that the Renminbi will surpass the Japanese Yen in foreign exchange options trading.

London Clearing House (LCH) says that the Chinese yuan is expected to surpass the Japanese yen and become the second most active currency—trading against the U.S. dollar—in the foreign exchange options market. Andrew Batchelor, the head of LCH ForexClear under this clearing house, said that by the time the Bank for International Settlements(BIS) releases its three-year foreign exchange and over-the-counter derivatives market survey next time in 2028, the USD/offshore yuan currency pair may rise to second place, behind only the EUR/USD.

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