Pair CHFJPY
Most traders prefer to trade only the most popular currency pairs on Forex, while other, equally interesting,
trading instruments remain unnoticed.
The CHFJPY pair falls into this category, consisting of the Swiss franc as the base currency and the Japanese yen as the quote currency.
This interesting combination allows for profitable trading during the Asian Forex session, as this is when the price is most susceptible to change.
This makes the instrument more suitable for traders who prefer to trade at night or in the morning. This is because the main yen events occur during the Asian session, while the Swiss franc is a more stable currency.
The CHFJPY pair has sufficient volatility ; the difference between the minimum and maximum price over a 24-hour period can be 100-500 pips. This is more than enough for profitability; the largest price fluctuations occur during the Bank of Japan's exchange release, which often initiates interventions in the national currency.
Another advantage of choosing this currency pair is the small spread; some brokers offer a minimum of just 0.1 pips.
Trading is most effective during price increases, as fewer corrections occur during this time.
Almost any forex strategy , but extreme caution should be exercised when the price reaches significant lows, due to the high probability of Bank of Japan intervention and a sharp price reversal.
