CHFJPY (Swiss Franc vs Japanese Yen). Exchange rate and online charts

CHF/JPY is a cross rate of the Swiss franc to the Japanese yen. The influence of the American dollar on this currency pair can be measured by combining the charts of USD/JPY and USD/CHF – the result will be an approximate chart of CHF/JPY.

Due to the fact that USD has a considerable impact on each currency of the pair above, such main economic indicators of the USA as discount rate, unemployment rate, the GDP level, jobs growth should be taken into account while dealing with this trading instrument. Besides, it should not be forgotten that the currencies can respond to the change of the USD rate with different pace.

The currency pair CHF/JPY is easy to forecast, and suits for beginner traders. Its movement is often outrun by more dynamic pair EUR/JPY.

Sometimes, professional traders use this situation to make profitable deals.

The yen is one of the main reserve currencies; and the franc is among the most reliable ones.