US Dollar / Japanese Yen vs US Dollar / Chinese Yuan

US Dollar / Japanese Yen (USD/JPY) and US Dollar / Chinese Yuan (USD/CNY) compared side by side. Over the past 90 days, USD/CNY is ahead by 0.8 percentage points (USD/JPY -2.9% against USD/CNY -2.1%). Their daily returns move barely together (correlation 0.13 across 284 shared trading days). USD/JPY has been the more volatile of the two, at 9% annualised against USD/CNY's 3%.

Correlation: 0.13
Ahead over 90 days: USD/CNY

US Dollar / Japanese YenUSD/JPY

$158.2900

24h: +0.25%
Market cap: —
Volume 24h: —
Volatility (ann.): 9%

US Dollar / Chinese YuanUSD/CNY

$6.6723

24h: +0.36%
Market cap: —
Volume 24h: —
Volatility (ann.): 3%

Performance

USD/JPYUSD/CNY

7 days+0.91%-0.45%USD/JPY
30 days+0.29%-0.77%USD/JPY
90 days-2.90%-2.14%USD/CNY

Correlation

0.13over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 0.151y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/JPY	USD/CNY
Max drawdown (400d)	-6.4%	-7.3%
Risk-adjusted return (90d)	-0.30	-1.58

Relative strength over 90 days: USD/CNY outperformed USD/JPY by 0.8% — measured on the USD/JPY/USD/CNY ratio, so it holds regardless of market direction.

US Dollar / Japanese Yen →US Dollar / Chinese Yuan →