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CHF/JPY: Two of a Kind

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Economist, presumably including those at the Bank of Japan and the Swiss National Bank, are baffled by the persistent strength of their respective currencies. In fact, it seems the more each bank acts to weaken their currencies, the stronger each currency becomes. This makes the CHF/JPY a particularly interesting cross for traders. All else aside, because of respective monetary policy, each currency is being pressured to weaken; perhaps best describes as similar to a compressed spring. Hence,

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