Tue, 29 May 2012 07:05:01 GMT
Japan and China to launch Yen-Yuan trade in June
China is set to allow direct trade of the China's Yuan and the Japan's Yen in an attempt to promote trade between two countries. The move implies that the trade partners will not use the greenback as intermediary currency any more hence decreasing dependence on the US Dollar, said Dariusz Kowalczyk from Credit Agricole CIB. The direct trading will start