Chfjpy news

CHFJPY (Swiss Franc/Japanese Yen) is a popular currency pair in the foreign exchange market. Here are some recent news and updates that may affect the CHFJPY market:

Recent News:

  1. Swiss National Bank (SNB) Interest Rate Decision: The SNB kept its interest rate unchanged at -0.75% on March 18, 2023. The decision was widely expected by markets, and the CHFJPY pair remained relatively stable.
  2. Japanese Economy: Japan's economy contracted by 0.4% in the fourth quarter of 2022, according to data released on February 14, 2023. The contraction was attributed to a decline in exports and a rise in imports.
  3. BOJ Monetary Policy: The Bank of Japan (BOJ) kept its monetary policy unchanged at its March 16, 2023, meeting. The BOJ maintained its -0.1% interest rate and continued its asset purchase program.
  4. Swiss Economy: Switzerland's economy grew by 0.3% in the fourth quarter of 2022, according to data released on February 24, 2023. The growth was driven by a rise in exports and a decline in imports.

Technical Analysis:

The CHFJPY pair has been trading in a narrow range between 130.00 and 135.00 since the beginning of the year. The pair has been supported by the SNB's dovish stance and the BOJ's accommodative monetary policy.

Resistance Levels:

Support Levels:

Trading Recommendations:

  1. Buy: If the CHFJPY pair breaks above the 135.00 resistance level, consider buying with a target price of 137.00.
  2. Sell: If the pair breaks below the 130.00 support level, consider selling with a target price of 128.00.

Please note that these are general recommendations and not personalized trading advice. It's essential to consider your own risk tolerance, market conditions, and trading strategy before making any investment decisions.