CHF / JPY is not a major currency pair, but it is a currency pair with a decent trading volume. The Japanese yen has a sense of stability. The Swiss franc is not a major currency, but it moves up and down significantly when the market moves. It may not be very suitable for scalping or day trading. If anything, it will be a currency pair for swing trading. The Swiss franc is related to the gold and euro markets and needs to be checked at the same time.
Difficulty
Recommended for beginners to advanced users. Since extreme price movements are unlikely to occur, it is unlikely that all funds will disappear with one shot. Trends tend to be easier to come out than USD / JPY. However, if you want to take a large price range, we recommend the combination of euro and pound.
Recommended trading time
The Japanese yen moves in Asian time. The Swiss franc also fluctuates relatively well in European time. Therefore, it moves widely from Asian time to European time, so it is recommended for 24 hours.
Economic indicators to watch out for
As an economic indicator, the economic indicators on the Japanese side are at a level where you do not have to worry too much. Even if it moves, is it about the Bank of Japan’s policy interest rate, GDP, and unemployment rate?
The Swiss index also rarely moves that much. As with Japan’s indicators, be aware of the unemployment rate, policy rate, GDP, and so on. However, please note that the Swiss index is closely related not only to Switzerland but also to the gold market and the euro area, so it is necessary to pay attention to the euro market.
When Japanese Yen is bought
Japan is also said to be a country whose nationality cannot change. Since it is such a country, it often fluctuates for external reasons rather than the influence of economic indicators. The timing of yen buying is very advanced when the world situation becomes unstable such as infectious diseases, financial shocks, and wars.
When the Swiss franc moves
Watch out for gold as well as Swiss indicators. Since Switzerland has 40% of its currency as gold, a rise in gold prices could lead to higher asset values, as well as the Swiss franc. In the opposite case, it will fall, so be careful. It is also highly relevant to the euro market. Due to its close geographical and economic implications, it is always necessary to check the market conditions in the euro area. Keep an eye on trends in major countries such as Germany, France and Italy.
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