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country currency pairs chfjpy

Swiss Franc vs Japanese Yen

Swiss Franc vs Japanese Yen (CHFJPY)

The CHFJPY currency pair represents the exchange rate between the Swiss Franc CHF and the Japanese Yen JPY. It’s a forex cross pair that provides insights into the economic dynamics between Switzerland and Japan.

-.-- -.--%
Annual change
-.--%
All time High / Low
101.618 / 180.063
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
173.884
High
174.406

CHFJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 0.2
  • Swap Short: -8.39
  • Margin Group: FX Majors
  • Margin Currency: CHF
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of CHFJPY

The history of the CHFJPY currency pair reflects the economic and financial interactions between Switzerland and Japan. Over the years, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, interest rates, geopolitical events, and global market sentiment. Switzerland’s reputation for financial stability and Japan’s position as an industrialized nation add complexity to the dynamics of the CHFJPY exchange rate. Traders and investors closely monitor this pair for insights into the relative strength of the Swiss Franc and the Japanese Yen, making it an essential component of the forex market.

country currency pairs chfjpy

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Frequently Asked Questions

CHFJPY is a forex currency pair that represents the exchange rate between the Swiss Franc CHF and the Japanese Yen JPY. In this pair, CHF is the base currency, and JPY is the quote currency. It tells you how much one Swiss Franc is worth in Japanese Yen. Traders and investors use CHFJPY to gauge the relative strength of these two currencies and make informed decisions in the forex market based on economic, political, and global market factors impacting Switzerland and Japan.

To trade the CHFJPY pair, you can follow a systematic approach by analyzing various factors and using appropriate trading strategies. Start by conducting fundamental analysis, which involves monitoring economic indicators, central bank policies, geopolitical events, and market sentiment that affect the Swiss franc CHF and the Japanese yen JPY. Keep an eye on news releases such as GDP figures, interest rate decisions, employment data, and trade balances of both countries. Additionally, you can employ technical analysis by studying historical price patterns, chart patterns, and indicators to identify potential entry and exit points. This can include using tools like moving averages, support and resistance levels, and oscillators. It is important to develop a clear trading plan, manage risk effectively, and consider implementing risk management techniques such as stop-loss orders or trailing stops to protect your capital. Regularly reviewing and evaluating your trades is also crucial for making adjustments and improving your trading strategy over time.

The trading hours for CHFJPY can be found here

Popular trading strategies for the CHFJPY pair include trend following, range trading, breakout trading, and carry trade strategies. Trend-following strategies involve trading in the direction of the prevailing trend, whether it’s upward or downward. Range trading focuses on profiting from price oscillations within a defined range, buying near support levels and selling near resistance levels. Breakout trading aims to capitalize on price movements when the exchange rate breaks significant support or resistance levels. Carry trade strategies involve borrowing in a currency with a low-interest rate (like the Japanese Yen) and investing in a currency with a higher interest rate (like the Swiss Franc), earning profits from the interest rate differential. Traders often choose strategies that align with their trading style and risk tolerance.

When trading the CHFJPY pair, consider factors such as economic data from Switzerland and Japan, central bank policies, geopolitical events, risk sentiment, and broader market trends. Economic indicators like GDP, employment figures, inflation rates, and manufacturing data in both countries can significantly impact the exchange rate. Keep an eye on the monetary policies of the Swiss National Bank and the Bank of Japan, as interest rate decisions and statements can influence trader sentiment. Geopolitical developments and overall market sentiment can also play a role in CHFJPY’s price movements, so staying informed and conducting thorough analysis is essential for successful trading in this currency pair.