1 CNY to JPY - Convert Chinese Yuan to Japanese Yen

Looking at the 30-day window, the CNY/JPY pair traded in a range of 22.8082 to 24.3653. The monthly average was 23.4467 with 2.08% volatility. This upward movement of 3% suggests significant momentum in the CNY/JPY exchange rate.

The current mid-market exchange rate is 1 CNY = 23.5708 JPY, updated as of June 4, 2026, 2:23 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Chinese Yuan to Japanese Yen Exchange Rate

CNY/JPY is one of the most geopolitically significant currency pairs in Asia, connecting the world's second and fourth largest economies. China and Japan are each other's largest or second-largest trading partners, with bilateral trade exceeding $300 billion annually. For the vast manufacturing supply chains that link Chinese factories with Japanese technology and components, this rate is embedded in every invoice and purchase order.

Asia's Two Giants

China and Japan represent two fundamentally different economic models operating side by side. Japan is an advanced, aging economy with near-zero interest rates, massive overseas assets, and a shrinking workforce. China is a rapidly developing economy with a controlled currency, massive manufacturing capacity, and a population transitioning from investment-led to consumption-led growth. The CNY/JPY rate reflects the relative momentum of these two models. When China is growing fast and Japan is stagnant, CNY/JPY tends to rise. When Japan's economy shows signs of life or Chinese growth disappoints, it falls. Japanese manufacturers like Toyota, Sony, and Panasonic have enormous operations in China, purchasing components and selling finished products. Chinese companies increasingly import Japanese industrial equipment, semiconductors, and precision materials. Every one of these transactions creates CNY/JPY conversion demand that makes this pair one of the most important in Asian trade finance.

What Drives the CNY/JPY Rate

PBOC daily midpoint settings, BOJ monetary policy, Chinese and Japanese economic data (particularly trade balance and manufacturing PMI), bilateral trade flows, and regional geopolitical tensions all drive the pair. The yuan's managed float adds a policy dimension that freely floating yen pairs do not carry. When the PBOC sets the midpoint stronger than expected, CNY/JPY can jump. Japanese institutional investment in Chinese bonds and stocks adds another flow that moves the rate.

What a Conversion Really Costs

CNY/JPY is liquid within Asia trading hours. Banks charge 1-2.5%. In Japan, major banks offer yuan conversion at branch level. In China, bank rates are close to the PBOC midpoint for yen conversion. For businesses, trade finance platforms specializing in the China-Japan corridor can offer better rates than standard bank wires, particularly for recurring payments with predictable volumes.

How to Get the Best CNY to JPY Rate

Compare the mid-market rate on this page with your provider. For business payments, trade finance platforms offer better rates than bank wires. Check whether your provider uses the onshore CNY or offshore CNH rate, as they can differ. In Japan, major bank branches handle yuan conversion routinely. In China, any major bank can process yen conversion at or near the official rate.