Pair CHFJPY

Most traders prefer to trade only the most popular currency pairs on Forex, while other, no less interesting, trading tools are ignored.

The CHFJPY pair falls into this category; it consists of the base currency of the Swiss franc, and the Japanese yen is the quote currency.

A rather interesting combination allows for profitable trading during the Asian Forex session, since it is at this moment that the price is more susceptible to change.

That is, the instrument is more suitable for traders who prefer to work at night or in the morning; this state of affairs is due to the fact that the main events in the yen occur during the Asian session, while the Swiss franc is a more stable currency.

The CHFJPY pair has a fairly enough volatility , per day the difference between a minimum and a maximum of prices can be 100-500 points. This is more than enough for earnings, the greatest fluctuation in prices occur during the publication of Japan Bank, which often initiates the interventions of the national currency.

Another advantage in favor of choosing this currency pair is the small size of the spread, for some brokers its minimum value is only 0.1 points.

The most effective trade is possible during price growth, since at this time fewer corrections occur.

In the CHFJPY trading, almost any Forex strategies , but you should be extremely careful when the price reaches the most significant minimums, due to the high probability of interventions of the Japanese Bank and a sharp price turning.