According to @godbole17, citing analysis from @fidenzamacro and @MacroCharts, the CNH/JPY exchange rate appears to have peaked, signaling a potential inflection point between the Chinese yuan offshore and Japanese yen. For traders, this suggests a risk-off sentiment as market participants rotate out of CNH positions and potentially seek safety in JPY, the premier safe haven currency. The development may trigger increased volatility in Asian forex pairs and could impact carry trade strategies, as well as broader risk-on/risk-off positioning (source: Twitter/@godbole17, May 5, 2025).