Assume $c>0$.
I showed that $$ \langle x,x\rangle\geqslant D \exp\Big(-\frac{c}{2}z\Big) $$ and $$ \langle y,y\rangle\geqslant D\exp\Big(\frac{c}{2}z\Big). $$ for some constant $D>0$.
Does this mean that $$ \langle x,x\rangle \langle y,y\rangle\geqslant D^2 \exp(0)=D^2, $$
i.e. the product has a constant positive lower bound?
Yes, $D^2$ is a constant positive lower bound.