Following this currency pair will enable traders to learn more about the trading value of the Swiss Franc in Japanese Yen.
Consider these issues when trading CHF vs. JPY:
The CHF is normally perceived as a safe-haven for traders, based on Switzerland’s relatively stable economy. The Swiss Franc is exposed to decisions made by the Swiss National Bank. In addition, since Switzerland's main trading partner is Germany, changes in that country's economy might have some influence on the CHF as well. The value of the Yen could shift due to changes caused by Japan’s export-focused economy. The JPY is further affected by reports published by The Bank of Japan and the Japanese government, which intervenes when the JPY could use active regulated protection.
If you think the CHF has the ability to rise in value as compared with the JPY, open a long position. If you predict that it might drop in value against the Yen, consider a short position instead. Trade this currency pair and stay updated on recent CHF/JPY price changes.