Trading Conditions:
Axi Symbol: CHFJPY
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3 Day Financing: Wednesday
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The CHF/JPY is the forex pair that represents the exchange rate between two strong currencies: the Swiss franc (CHF) and the Japanese yen (JPY). Both the CHF and the JPY are frequently regarded as safe-haven currencies due to their negative interest rates.
If the CHF/JPY exchange rate is 160.67, for example, this means that one Swiss franc is equivalent to 160.67 Japanese yen. Depending on different socioeconomic or geopolitical factors, the exchange rate can fluctuate.
Switzerland is renowned for its stable government, robust banking sector and financial system, as well as its low debt-to-GDP ratio. These factors have contributed to Switzerland's reputation as a safe haven for investors and a hub for international banking. Additionally, the country's strong economy and high standard of living make it an attractive destination for both businesses and individuals seeking stability and prosperity.
Japan is one of the largest economies in the world, having experienced unprecedented growth and expansion after the end of World War II. It exports more than it imports and owns more foreign assets than it owes, making the Japanese yen the third most traded currency in the world after the dollar and the euro.
The value of the Swiss franc relative to the Japanese yen could be affected by several factors, or a confluence of factors, including:
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