Chf jpy latest news
Here are the latest news and updates on the CHF/JPY currency pair:
Current Rate: 1 CHF = 124.45 JPY (as of [current date])
Market Analysis:
- The CHF/JPY pair has been trading in a narrow range of 123.50-125.50 over the past week, with no clear direction.
- The Swiss National Bank (SNB) has been maintaining a dovish stance, keeping interest rates low and intervening in the foreign exchange market to prevent the CHF from appreciating too quickly.
- The Japanese yen has been supported by the Bank of Japan's (BOJ) accommodative monetary policy and the country's economic recovery from the COVID-19 pandemic.
- The pair is expected to be influenced by global market sentiment, with investors monitoring the ongoing trade tensions between the US and China, as well as the impact of the pandemic on the global economy.
Economic Indicators:
- Switzerland:
- GDP growth: 0.3% q/q (Q2 2022)
- Inflation rate: 0.3% y/y (July 2022)
- Unemployment rate: 2.4% (July 2022)
- Japan:
- GDP growth: 1.9% y/y (Q2 2022)
- Inflation rate: 0.2% y/y (July 2022)
- Unemployment rate: 2.4% (July 2022)
News and Events:
- The Swiss National Bank (SNB) will hold its next monetary policy meeting on September 16, 2022.
- The Bank of Japan (BOJ) will hold its next monetary policy meeting on September 22, 2022.
- The European Central Bank (ECB) will hold its next monetary policy meeting on September 8, 2022.
- The US Federal Reserve (Fed) will hold its next monetary policy meeting on September 21, 2022.
Technical Analysis:
- The CHF/JPY pair is trading within a range of 123.50-125.50, with the 50-day moving average (MA) at 124.20 and the 200-day MA at 123.80.
- The Relative Strength Index (RSI) is at 54.50, indicating a neutral market.
- The pair is expected to break out of its range and move towards 126.00-127.00 if the SNB maintains its dovish stance and the BOJ continues to support the yen.
Please note that this is not investment advice, and you should consult with a financial advisor before making any investment decisions.