Chart of price change CHF/JPY

Currency pair CHFJPY is quite a specific tool, uniting currency of two small, but economically developed states. The Swiss franc is among the most stable currencies that seldom have acute price fluctuations. The same can be told about yen, which provision is watched fixedly by Bank of Japan. Considering the close connection of the Swiss Franc with the euro, the behavior of the tool strongly correlates with the dynamics of EURJPY.

Currency pair CHFJPY is rather known among traders in the Forex market. Because of the special monetary policy of Japan, the chart of the tool shows mostly dynamics of yen though it also is quoted currency in this pair.

This pair has hardly lent itself to the fundamental analysis as its rate is influenced by a set of the factors which aren't connected directly with Switzerland or Japan. The benefit of the tool is that the franc possesses big credibility and many investors consider it “saving harbor” for the equity amid the crisis.

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