Swiss Franc/Japanese Yen (CHF/JPY) Exchange Rate
CHF/JPY Pivot Points
CHF/JPY Latest Updates
Over the past 24 hours, new global Covid-19 infections recorded the highest single-day increase, per statistics presented by the World Health Organization.
Governments start to ease lockdown measures implemented to contain the spread of the Covid-19 pandemic, which has led to an increase in the infection rates
Safe-haven assets are in strong demand, as evidenced by Singapore’s 242.5% surge in gold exports for March.
Hopes that economic stimulus packages and corporate bailouts will spark an economic recovery in the second half of 2020 are premature.
Volatility across the global financial system remains elevated.
With Covid-19 days away from being declared a global pandemic, safe-haven assets continue to enjoy demand.
With the expected return of volatility and a risk-off period, safe-haven assets will be in demand.
The Swiss franc and the Japanese yen both have been in favor over the last couple of months, so this pair will be vital to pay attention to if you choose to play a risk appetite type of trade.
Get the CHF/JPY Forex signal for October 6, 2016 here.
The CHF/JPY pair isn’t one that a lot of you trade on a frequent basis we assume, but it is a very important Forex pair to pay attention to.
The CHF/JPY markets have been very bearish for quite some time, and as a result we broke through the 119 level.
We had a pretty strange day in the Forex markets, as we learned over the weekend that Greek banks were being closed in order to prevent a run as liquidity was going to be a serious issue. Because of that, everything ran away from the European Union and the continent in general.
Get the Forex signal trading updates for the month of October 2014 by John Ursus here.
Get the CHF/JPY weekly Forex signal for October 14, 2014 here.
Here are the updates to trades we recommended in August 2014 as well as updates on the three open positions from previous months.
The CHF/JPY pair broke higher during the course of the day on Friday, but as you can see the 113.50 level offered enough resistance to turn the market back around towards the end of the day.
The CHF/JPY pair it is a market that I pay attention to quite frequently. Certainly trading the Japanese yen in general, this is a good barometer as to where the “scared money” is starting to run to.
Check out the weekly Forex signal for the CHF/JPY pair for June 10, 2014 here.
Get the trade recommendations for the CHF/JPY pair for the upcoming month of June 2014 here.
The CHF/JPY pair initially fell during the session on Tuesday, but found the area just above the 115 level be far too supportive to continue falling. The resulting bounce formed a nice hammer, which of course is a nice bullish signal.