CHF/JPY — News Archive

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SNB Keeps Monetary Policy Unchanged, Swiss Franc Weak

The Swiss National Bank made a monetary policy announcement today but markets paid little attention to it. Currently, the Swiss franc is the weakest currency on the Forex market, even losing its earlier gains versus the Australian and New Zealand dollars, which themselves were very weak. It looks like traders continue to prefer the US dollar as a refuge, ignoring other safe currencies, like the franc and the Japanese yen.

Franc Weak Despite Near-Record Jump of KOF Economic Barometer

The Swiss franc fell against almost all of the most-traded currencies today despite the near-record jump of the KOF Economic Barometer. The Swissie managed to gain only against the currencies that were weak themselves, like the US dollar, dragged down by yesterday’s speech of Federal Reserve Chairman Jerome Powell, and the Canadian dollar, which suffered from a sharp economic downturn in Canada.

Progress in COVID-19 Vaccine Development Drives Yen Higher vs. Safe Peers, BoJ Stands Pat

The Japanese yen traded flat or little lower versus the majority of other most-traded currencies today but gained on other safe currencies, like the US dollar and the Swiss franc. The main event in Japan today was the monetary policy announcement from the Bank of Japan.

Yen Attempts to Rebound After Being Worst Performer on Friday

The Japanese yen was the worst performer on the Forex market today as the positive sentiment favored riskier currencies, not safer ones. Currently, though, the yen has trimmed its losses, even managing to gain on another safe-haven currency — the Swiss franc.

Japanese Yen Flat After Economic Data, Falls vs. Franc & Sterling

The Japanese yen traded largely sideways today, though it slid against the Great Britain pound a bit and dropped versus the Swiss franc. The market sentiment was swinging between optimism and pessimism, making it hard for currencies to find a clear direction. Japanese macroeconomic data looked rather dire but not all reports turned out to be as bad as analysts were expecting.

Japanese Yen Flat-to Higher After Economic Data

The Japanese yen was trading flat against some of its major rivals today but managed to gain on others. Hopes of a lift of the lockdown measures in various countries across the world and underwhelming domestic macroeconomic data were weighing on Japan’s currency but fears of a global economic recession that is going to follow the coronavirus pandemic and falling crude oil prices were boosting the yen.

Japanese Yen Mixed After BoJ Expands Stimulus

The Japanese yen was mixed today after the Bank of Japan boosted measures to stimulate the national economy at today’s shortened one-day meeting. The currency fell against the Australian and New Zealand dollars as well as the Great Britain pound but managed to gain on the US dollar and the Swiss franc.

Japanese Yen Moves Lower After Exports Collapse

The Japanese yen opened sharply higher against its most-traded rivals today but immediately started to move lower and continued its decline after the release of a poor report on the Japanese trade balance.

Japanese Yen Strong as Coronavirus Panic Persists

The Japanese yen was among the strongest currencies on the Forex market today, rising against almost all of its major peers, though not against the Swiss franc, another refuge currency, and the surprisingly strong New Zealand dollar. The worsening coronavirus pandemic was driving investors to safer assets, including the yen. Domestic macroeconomic reports were mixed, giving no reason for the currency to move in any particular direction.

Risk Aversion, Better-than-Expected GDP Unable to Help Swiss Franc

The Swiss franc was surprisingly soft today even though the deadly coronavirus infection continued to spread across the globe, spooking investors and increasing demand for safe-haven assets. Positive macroeconomic reports released in Switzerland on Monday and Tuesday did little to help the currency. The Swissie was soft against almost all currencies, except for the Canadian dollar, which fell today despite rising prices for crude oil, and the US dollar, which collapsed after […]

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