Risk Warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CHFJPY is the ticker symbol for Swiss Franc vs Japanese Yen. CHFJPY is a Forex CFD. The CHF/JPY currency pairing is a representation of the amount of Japanese Yen (JPY) that can be bought for every Swiss franc (CHF).
The standard contract size for CHFJPY is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The minimum trade size for CHFJPY is 0.01
1000 lots
You analyze the CHFJPY forex pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the CHF as the "anti-JPY", as if the JPY is soft, it generally means that there is a strengthening CHF, and vice versa.
CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.
We offer competitive leverage rates which are determined by the Afterprime entity you register with.
One Forex point is normally = to 1000 unit of base currency. For instance, one Forex point of CHFJPY is = to 1000 CHF.
The Swiss franc and Japanese yen are two of the most popular currencies to trade against each other. The pair is often seen as a safe haven trade, as investors flock to these two currencies in times of market uncertainty. We'll take a look at three of the most popular trading strategies for the CHFJPY currency pair.
One of the most popular trading strategies for the CHFJPY pair is the carry trade strategy. This strategy involves selling the Swiss franc and buying the Japanese yen, in hopes of earning the interest rate differential between the two countries. For example, if the Swiss franc has a 0.5% interest rate and the Japanese yen has a 0.1% interest rate, then a trader would earn a 0.4% return on their investment simply by holding the currency pair. Of course, this strategy is not without its risks; if the market moves against the trader, they could end up losing money.
"Buy low, sell high" is the basic tenet of trend-following; by correctly identifying market trends, traders can profit from both uptrends and downtrends alike.
The final trading strategy we'll discuss is range-bound trading. This strategy involves taking advantage of periods of consolidation in order to buy or sell at key levels of support and resistance. For example, let's say that the CHFJPY currency pair has been consolidating between 100 and 110 for several weeks now; a trader using this strategy would place buy orders near support at 100 and place sell orders near resistance at 110. By correctly identifying periods of consolidation, traders using this strategy can enter and exit trades at very favorable prices.
There you have it—three popular trading strategies for the CHFJPY currency pair. Which one is right for you? That depends on your risk tolerance and your investment objectives. Test out each one and see which suits your needs best!
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors' accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclosure Notice.
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