| Direct trading of yuan and yen will boost ties between China and Japan. China and Japan will start direct trading of their currencies on Friday in a move to boost trade ties between Asia's two biggest economies.
This will be the first time that China has allowed a major currency, apart from the US dollar, to trade directly with the yuan. Direct trading of the currencies means that the two countries will not be using the dollar as an intermediary in setting exchange rates...............................................Full Article: Source
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