Japanese Yen – Chinese Yuan Direct Trading To Start in June!

- The world is abandoning the USD as world reserve currency and international trade settlement currency! This is another sign that the global currency crisis is coming. I do not believe that the western Illuminati will sit idly by and watch their global monetary hegemony go to pieces. They will pick a time for their currency war. Their attitude is: “If I am going to hell the rest of the world will come along also!”. They will not give up the source of their power: the global currency hegemony! War is brewing worldwide!
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Yen-yuan direct trading to start in June!
by AFP
TOKYO — Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports.
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With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current “cross rate” system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday.
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The two governments are eyeing setting up markets in Tokyo and Shanghai, the Yomiuri Shimbun said. The yen-yuan exchange system would help businesses in the world’s second- and third-largest economies reduce risks associated with exchange rate fluctuations in the dollar and cut transaction costs, Kyodo said.
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It will be the first time that China has allowed a major currency except the dollar to directly trade with the yuan, Kyodo said.
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