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 sufficient volatility ; per day, the difference between the minimum and maximum prices can be 100-500 points.

This is more than enough to earn money; the largest price fluctuations occur during the entry of the Bank of Japan into the stock exchange, which often initiates interventions in the national currency. Another advantage 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 trading is possible when the price is rising, since fewer corrections occur at this time.

When trading CHFJPY, almost any Forex strategy , but you should be extremely careful when the price reaches the most significant lows, due to the high probability of interventions by the Bank of Japan and a sharp price reversal.