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Yuan set to overtake yen in FX options by 2028 as trading diversifies
Economy
Published on 24 April 2026
LCH forecasts the yuan becomes number two by 2028
Yuan trading is expected to overtake the yen as the world’s second most traded currency against the dollar in foreign-exchange options, LCH says. The change, projected for 2028, points to accelerating yuan internationalization and rising demand for diversification beyond dollar-linked hedging strategies.
- LCH expects the yuan to beat the yen in FX options by 2028
- The yuan could become the second-most traded currency vs the dollar
- Growth is tied to yuan internationalization
- Traders are seeking more currency diversification beyond the dollar
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times