Forecasts Swiss Franc Japanese Yen (CHF JPY) – Investing.com

The Swiss Franc Japanese Yen (CHF JPY) pair is one of several Franc pairs where the Swiss Franc acts as the base currency rather than the quote currency (along with CHF PLN CHF SGD pairs). This pair is a cross rate (a rate without the presence of the US dollar USD). Today's rate of 109.26 means that 1 franc was worth 109.26 Japanese yen in July 2021.

The CHF JPY pair is not popular among forex market traders, since, according to investing.com, the average volatility of the pair in 2019 was 15 pp per day, and almost all brokers for this pair have a fairly high Spread and negative swaps in both sides.

Online chart of CHF JPY rate

The CHF JPY currency pair consists of the Swiss franc and the Japanese yen. This duet is called a cross, like any other, where the dollar is missing. The franc here acts as the underlying asset, the yen is quoted.

If the instrument's chart is growing, it means the franc is stronger. And the chart has been mainly growing over the past 10 years, which is facilitated by the constant weakening of the Japanese yen.

It is important that the yen and franc are safe haven currencies in troubled economic times. So, if a sharp problem can happen with the dollar and euro, then for CHF JPY the trouble will be smoothed out. After all, market players, having moved to cross-country, will contribute to strengthening its exchange rate.

Features of the currency pair

The calm franc and energetic yen form a liquid instrument, theoretically suitable for intraday trading.

1. The average cross spread is from 5 to 7 points.
2. The range per day is from 100 to 150 points.

Analysts consider the pair’s tendency to continue the movement scheduled on Monday over the next 7-10 days to be a useful trend. This is a good basis for medium-term transactions, especially if a correction has preceded it or a reversal pattern has been formed.

The flagship of the cross is EUR/JPY, relative to which CHF/JPY shows a good correlation, but is somewhat delayed during spurt movements. Of course, the cross comes to life at the opening of any session, especially European and Asian.

CHF/JPY – Technical Analysis

CHF/JPY rate (online) on the Chart with indicators

Based on the results of a 20-week analysis, an interesting feature appears on the volatility calculator: the activity of the currency pair is quite high on all trading days of the week. Yes, on Wednesday it is the greatest, but its gap from Monday and Friday is minimal, and even the least stormy Tuesday also lags behind the leaders not as much as is usually the case with most other instruments. Intraday, the pair is most active during the European trading session, and especially during its overlap with the American one at 13:00 - 15:00 GMT, as well as at the opening of the Singapore and Hong Kong exchanges (00:00 GMT) in the Asian one.

general characteristics

The Swiss Franc against the Japanese Yen is, as can be understood by the absence of the USD ticker, a cross pair that is not the most common, but not exotic either. The volatility level of CHFJPY is slightly higher than average, but not significantly, so the instrument can be classified as a pair with average activity. The direct absence of the American dollar does not eliminate the need to convert one currency into another through it with each purchase or sale.

The combination of a stable franc and a much more dynamic yen provides a good tool for making a profit in the foreign exchange market. A moderate spread of 5-7 points and average volatility of around 100-150 points per day make the pair attractive for both long-term and short-term trading enthusiasts.

The Swiss franc in this case acts as the base currency, and the yen as the quoted currency. As for all other pairs where the convertible currency is the yen, for this - on most charts the rate is displayed with an accuracy of two digits after the separator (86.91), but there are also more accurate software tools that display the price in three-digit form (86.914 ).

Factors influencing CHFJPY and what the rate depends on

Small Switzerland, nevertheless, has a developed industry, a powerful banking sector and service sector in general, as well as agriculture, the products of which are sufficient not only for the needs of the country's residents, but also for export to other countries. Switzerland tries to maintain neutrality in world conflicts and also refrain from joining political and military blocs, so the country's economy and its currency have become an excellent refuge for international investors who want to save their funds in difficult times.

Today the structure of the Swiss economy is as follows

:

• Trade and services account for about 73.4% of GDP;
• Industrial production brings in 25.9% of income;
• Only 0.7% remains for the agricultural sector.

Japan is an East Asian country located on many islands. Possessing a very limited territory and meager reserves of its own resources, the country, nevertheless, over the course of several post-war decades, became one of the most highly developed in Asia and currently has a powerful economic system.

A sector-by-sector study of the Japanese economy shows that

:

• 71.4% of GDP is attributed to the services sector;
• 27.5% comes from industry;
• Agriculture accounts for only 1.2% (nevertheless, more than half of the food produced is exported).

This currency pair currently has a good correlation with the following financial instruments: Euro/Yen – 93.7%, Swedish Krona against the yen – 91.7%, EUR/SGD – 72.9%, EUR/AUD – 70.8 %, Dollar/Baht – 65.5%, Dollar/Yen – 65.2%, Euro/Lira – 62.1%, natural gas rate – 61.6%, as well as IT40 index – 61% and Dollar/Lira – 60.7%.

An inverse correlation also takes place, and especially with gold, silver and currencies that are associated with these precious metals: -82.7% with XAU/EUR, -79.4% with XAU/USD, -72.8% with XAG/EUR , -72.7% against XAU/AUD, -70.9% against the Aussie against the Franc, -69.8% against the XAG/USD chart, and -54.8% against the AUD/USD, -54 % with HK50 and -52.8% with the NOK/SEK pair.

The main factors on which the CHFJPY exchange rate depends include

:

• Changes in world prices for gold and oil;
• Trade balance of Japan (to a lesser extent Switzerland);
• Rise or fall in quotes of major world currencies;
• Changes in interest rates of the Central Banks of both countries;
• Fall or growth of GDP and economic indicators (for both countries and the USA);
• Decrease or increase in indices (consumer prices, business activity, etc.);
• Natural and man-made disasters (primarily those that occur in Japan, but this is also important for Switzerland);
• World political and military conflicts (wars, revolutions, etc.).

How to best trade the Swiss Franc and Yen

Let's look at a real example of trading the CHF/JPY currency pair using the example of the FiNMAX broker. This is a reliable and very profitable broker with a huge number of assets.

We chose an options broker for a reason, since there are no spreads, the profit is fixed, and transactions can last 5-10 minutes, while the profit remains at 70%.

On this page we have selected the desired asset:

Now you need to specify the closing time of the option (deal period):

The option will close in 7 minutes, our forecast and analytics show that by this time the CHFJPY quote will rise slightly, so we press UP

:

If after 7 minutes the CHF/JPY rate is higher than at the time the transaction was opened, we will receive 72% profit, since our growth condition will be fulfilled. Moreover, it doesn’t matter how much the price rises, even by 1 point, the main thing is that it is an increase.

7 minutes passed quickly and the broker showed the results:

The quote went up a little, and our net profit was $50.4.

Features of the currency pair

The main “weather” in the pair is made by the yen, the franc usually accounts for no more than 10% of exchange rate fluctuations, which significantly reduces the time spent on viewing analytics, and this is well suited for inexperienced traders or simply busy people who are unable or unwilling to spend a lot of time on asset research.

The not very large spread, coupled with average volatility, makes this pair suitable for intraday trading and even scalping, however, you should not rely on large profits in such cases, but medium and long-term investors, with due diligence, can make up to 120% profit from the deposit size .

This pair, like some other yen instruments, has an interesting feature that is very useful for medium-term traders: having usually chosen a direction of movement at the beginning of the trading week, it most often sticks to it until the last days before closing, and sometimes even continues the trend next week.

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CHF/JPY chart online – Rate right now and for all time

Review of the CHF/JPY currency pair

CHF/JPY is one of the minor pairs in the Forex market. Its liquidity is significantly lower than that of pairs belonging to the major currency market, however, a certain popularity among traders does not allow it to be classified as an exotic instrument. At the same time, its distinctive feature from many minor pairs is its relatively small spreads, only 2-3 points higher than the spreads of the main pairs.

Coupled with a volatility level slightly above average, we have a fairly comfortable pair for trading, which allows us to both earn income on strong movements and use less risky strategies.

The volatility of the pair remains at a fairly high level for most of the day. Strengthening the dynamics of CHF JPY quotes occurs during trading in the European and Asian trading sessions, that is, starting from 2 am Moscow time and ending at 19:00 Moscow time.

All this time, the volatility of the asset remains stably at a level slightly higher than that of par majors.

Peak intraday fluctuations occur in two main periods: the opening of trading on European exchanges, from approximately 10:00 to 12:00, since at this moment the intersection of the Asian and European sessions occurs, and also from 16:00 to 19:00 Moscow time, when Europe and America are already trading at the same time.

This time is optimal for implementing various types of aggressive trading strategies that require significant movements in quotes. Due to low spreads, this time also attracts scalpers who want to make quick profits on strong fluctuations.

How we earned $56 in 9 minutes on the CHF/JPY pair

In trading we often use technical analysis, below you will see an example of option trading on CHFJPY. To make money on an option, you only need to indicate whether the quotes will be higher or lower from the time of purchase to the time the transaction is closed. The option period can be from a minute to a month, you choose it yourself.

Options are the most profitable way to trade currency pairs as there are no spreads. Options have a fixed percentage of profit, from 70% for each trade.

That's how it was for us.

We went to this page and selected the desired pair:

Then they indicated the closing time of the transaction on 21:55

(
in 9 minutes
):

It remains to indicate the main condition of the transaction - UP

or
DOWN
.
Our technical analysis showed that the rate should rise in 9 minutes, so we indicated the forecast UP
and bought an option:

If after 9 minutes the CHF/JPY rate is higher than at the time of purchase, then the option condition will be fulfilled and we will receive 70% profit.

Time passed quickly and look at the chart at the time the trade was closed:

The price went up with the investment $80

we returned
$136
, including
70%
profit:

Broker FiNMAX is a reliable and regulated broker, which has quite a lot of assets, including American stocks, but the main thing is high profit margins.

If you study the online chart for the CHF JPY pair, you will find that in the evening, and especially late at night, between 19:00 and 2:00 Moscow time, there is a slight decrease in the level of volatility. At this time, the movement of CHFJPY quotes is comparable to the average for the main market pairs, which makes the asset quite comfortable for analysis, except for the fact that it has sudden, almost unpredictable jumps that appear from time to time, characteristic of almost all pairs that include the yen.

This period is attractive for traders using conservative strategies, as well as for novice market participants seeking to learn how to work with assets with moderate levels of volatility.

Currency pair CHF/JPY

represents a classic cross rate, since its quotation occurs not directly, but indirectly, using the US dollar as an intermediate currency. Exchange rate values ​​are calculated with an accuracy of three decimal places.

Many traders are more accustomed to seeing a two-digit quote, which is also acceptable if the broker's software does not reflect tick fluctuations on the chart.

1. Switzerland
   is a small country surrounded by the European Union, poor in mineral resources, but its economy and currency are considered one of the most reliable in the world. The Swiss franc exchange rate is quite stable, but some phenomena can still influence it.
2. Japan
   is a small, highly developed island state with a developed economy focused on the high-tech industry. Its currency is considered not very stable and, in combination with some others, demonstrates quite high volatility.

What affects the CHF/JPY rate

There are a fairly large number of factors that influence CHF/JPY quotes. Despite the fact that the economies and development paths of these states are similar, the behavior of their currency exchange rates is significantly different. However, most of the external factors influencing them are identical for both countries.

Let's look at the main reasons that can affect the CHF/JPY rate.

• Trade balances . Foreign trade is one of the most important elements of the economies of both currency-issuing countries of the pair, since, located in a small territory and limited in natural resources, they have an insufficiently wide domestic market for the pace of development that they have. For this reason, serious deterioration in economic relations with major partners can have a fairly significant impact on the quotes of the franc-yen pair.
• Interest rates . A change in the Central Bank rates of one country changes the yield of its currency, which, in turn, affects demand from foreign investors. Changes in demand have a direct impact on the CHF/JPY exchange rate.
• Foreign policy . World political and military conflicts, in which Switzerland is often indirectly involved due to its membership in the European Union, can influence the exchange rate of the franc. Japan, in turn, also often takes part in political clashes that can shake confidence in its national currency, which also affects the dynamics of CHF/JPY quotes.
• Prices on the commodity market . Japan and Switzerland import quite a large amount of raw materials, which they cannot obtain on the domestic market due to limited reserves, and actively export products from the high-tech industry. Changes in world prices, both for the first and second categories of goods, can have a significant impact on the CHF/JPY exchange rate, both upward and downward.

Conclusion

The currency pair Swiss franc - Japanese yen is a rather specific asset of the foreign exchange market, combining currencies whose quotes demonstrate diametrically opposite behavior.

Most of the volatility in the CHF/JPY pair comes from the Japanese currency, so it should be given more attention when analyzing it, however, factors that can have a strong impact on the Swiss franc should also never be ignored.

Analysis and what affects the course

Factors influencing the exchange rate of CHF and JPY currencies vary. The stability of the Japanese yen depends on established sales, stable supplies of raw materials and good climatic conditions.

JPY reacts sharply by weakening to force majeure events, such as a tsunami, a ban on the import of used cars into the Russian Federation, and earthquakes.

Switzerland is the bank of the world. The country's financial institutions have long become the talk of the town for providing reliable services in storing money.

In addition, Switzerland manages to provide itself with local agricultural products. The state's industrial production is well developed. The country stays away from alliances and conflicts, choosing to remain neutral as a priority.

It turns out that the yen has more reasons to cause investor mistrust. Although, there are force majeure circumstances that will affect any side of the CHF and JPY - fluctuations in gold or oil prices, natural disasters, global conflicts, deterioration of one’s own internal economic indicators.

How to make money on the course

Professional investors use the cross in financial combinations. However, most beginners are focused on simple buy/sell transactions.

Analytics for CHF/JPY – Moving Averages

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Franc yen is a very interesting cross rate, which has relatively low volatility, which allows both beginners and Forex market professionals to work with this currency pair. The online chart of CHF JPY in the vast majority of cases changes under the influence of the movement of the Japanese currency. In turn, the second part of this combination has extremely high stability. The Swiss franc to yen exchange rate most often changes in real time during the Asian and European trading session, which is reflected on the live chart. On this page we present to your attention a convenient and functional real chart for the CHF JPY combination.

Convenient chart – your assistant and analytical tool

CHF JPY is a currency pair that moves actively under the influence of not only technical, but also fundamental factors. When working with this cross rate, you should pay attention not only to the CHF JPY chart, but also take into account the interest rates of the central banks of Japan and Switzerland, possible natural and man-made disasters in the region, the unemployment rate, etc. The Swiss franc to yen exchange rate moves quite well even within the day, so you can work online at any time interval. Don’t forget to use our real chart for analytics.

CHF JPY is an interesting option for beginners and professionals

The chart for the CHF JPY combination of the Brokers.Ru portal is distinguished by its functionality and stability in operation. You can always find out in real time the current exchange rate of the Swiss franc to the yen, use analytical tools and adapt the service to work with CHF JPY for yourself. Everything is extremely simple and convenient. We are confident that the live online CHF JPY chart will definitely be useful to every trader while working on the Forex market.

About these currencies

The Swiss franc is divided into 100 Rappen:

• In the Russian-speaking environment, 1/100 CHF is called a centime, and the currency itself in traders' slang is Swissy.
• Issued by the National Bank of Switzerland.
• There are years when Swiss inflation is equal to zero.

The yen is divided into 100 sen:

• Issued by the regulator National Bank of Japan.
• Subject to inflation of about 1.5% per year.
• The symbol for JPY is the ¥ sign.

The share of the cross involving CHF and JPY accounts for up to 5% of the turnover of the entire currency exchange market. Interest rates for each asset are low, often taking negative values, as now -0.1% in Japan and -0.75% in Switzerland.

How to access trading this pair

There are two ways to speculate on CHF and JPY.

• On Forex sites.

Here I would like to remind you that you should choose a broker with the jurisdiction of European countries - Great Britain, Denmark, Germany. Australian intermediaries have good authority.

• Through Binary Options.

As for Binary Options, in countries that care about user rights, BOs are not respected. Because participating in BO games is the same as fighting a duel with an opponent. In this case, you will have 4 bullets, and your opponent will have 6, and even a bulletproof vest in addition. And whose chances of emerging victorious are higher?

A word of caution about brokers

Looking at some broker-dealer aggregators, you can see that each intermediary is supposedly regulated, and not just by one, but by two or three commissions. Only, the commissions of private foundations and organizations in Belize and the British Isles are worthless (not to be confused with Britain, everything is reliable there). And also Russia, Cyprus, Malta.

If you deposit $10, of course, you can withdraw it. But whether they will give you a thousand or two USD, I am far from sure. Alternatively, one day you may open the page of a “stock broker” website and discover that the company has disappeared, the site is inaccessible, and your hard-earned money has evaporated.

Example deal

Let's see what the CHFJPY cross can do. I took a timeframe of 5 minutes. There is no point in doing technical analysis here, the gap is too small. The noise will outweigh all smart predictions. Yes, and I won’t throw the moving average, but I’ll install the oscillator. I have Connors' RSI, but anyone will do.

Trading idea - divergence, when the price made a new high, but the oscillator could not (or vice versa).

1. Stop a couple of points above the high.
2. The goal is the nearest support, the distance to which is at least 2, and preferably 3 times further than the stop.

There is divergence on CHF and JPY, entry and stop are shown on the screenshot.

Half an hour later, the quotes approached the target, but did not touch it.

Still, it's a good deal.

1. Firstly, I first moved the stop to breakeven, then to the profitable zone.
2. Secondly, after three unidirectional candles, I closed half of the position in plus.
3. Thirdly, I pulled the stop to 113.66 and completed the trade with a profit, albeit following the stop.