The CHF/JPY pair is showing a gradual upward trend, with the rate recently climbing to around ¥174.55. Investors are increasingly choosing the Swiss Franc over other currencies due to its safe-haven status. This comes amid ongoing geopolitical tensions, trade disputes between major economies, and concerns about slower global growth.
Japan’s recent economic data, including machinery orders and inflation numbers, have been relatively solid, supporting the yen. However, the Swiss Franc continues to attract safe-haven demand more strongly, especially as uncertainty around U.S. interest rates and Chinese trade policies increases.
Unless market sentiment improves, CHF/JPY is likely to remain supported, with analysts watching for a possible push toward the ¥179.00 level in the coming weeks.
Expected Range for CHF/JPY: 173.00 – 176.00
Note: This information does not guarantee profits. Please make your own decisions when trading.