CHF/JPY
CHF/JPY
174.61
-0.56%High: 175.74
Low: 174.61
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
Currency pair Swiss franc - Japanese Yen (CHF / JPY) is a pair of currencies with negative interest rates.
Both Switzerland and Japan have strong economies, with pronounced positive trade surpluses, although they differ in this indicator by an order of magnitude. The unemployment rate and the budget deficit are traditionally low. Among the factors that influence the volatility of the pair CHF / JPY on forex are interest rates and the change in the euro exchange rate (EUR / CHF pair).
The Swiss franc (bank code CHF) is the official currency of the Swiss Confederation and the Principality of Liechtenstein. Traders usually call it "Swissie", by the way in Europe it is the only remaining franc.
In Switzerland, there are four official languages, which affect the writing of the currency name on banknotes: Franken (in German), franc (in French and Romansh), franco (in Italian).
The issuer of the currency is the Swiss National Bank (Schweizerische National bank, Banque Nationale Suisse, Banca Naziunala Svizra, Banca Nazionale Svizzera), it also conducts monetary and exchange policies that serve the interests of the country.
The yen (JPY bank code) is the official currency of Japan. The issuer is the Bank of Japan (BOJ), which also implements monetary policy: changes in the norm of mandatory reserves, operations in financial markets and regulation of the discount rate.
FAQ
- How to trade Forex CHF/JPY?
Various cryptocurrency exchanges enable you to purchase CHF/JPY . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase CHF/JPY directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend CHF/JPY?
When trading the CHF/JPY, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the CHF/JPY can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.