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CHFJPY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    183.7329$
  • Previous Close
    184.3051$
  • 52 Week Change
    --
  • Day Range
    -0.57$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

CHFJPY.FOREX represents the currency exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY) in the foreign exchange (Forex) market. It indicates how many Japanese Yen are needed to purchase one Swiss Franc. Forex trading involves speculating on the future direction of this exchange rate with the aim of profiting from fluctuations. The CHFJPY pair is often considered a risk-off currency pair, meaning it can be influenced by global economic uncertainty, with the Swiss Franc typically seen as a safe-haven asset.

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Factors

Interest Rate Differentials: The relative interest rates set by the Swiss National Bank (SNB) and the Bank of Japan (BOJ) significantly influence CHFJPY. A higher Swiss interest rate relative to Japan typically strengthens CHF.

Safe Haven Demand: Both CHF and JPY are considered safe-haven currencies. During periods of global economic uncertainty or market volatility, demand for these currencies increases, but the relative demand determines the direction.

Economic Data Releases: Economic indicators such as GDP growth, inflation, and employment figures from Switzerland and Japan can impact investor sentiment and influence the value of their respective currencies.

Geopolitical Events: Global political events and geopolitical tensions can drive demand for safe-haven currencies like CHF and JPY, affecting the exchange rate.

Monetary Policy: Actions and statements by the SNB and BOJ regarding monetary policy, such as quantitative easing or currency interventions, can significantly affect the CHFJPY exchange rate.

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