CHFJPY definition

CHF/JPY is the price of the Swiss franc in Japanese yen, showing how many yen one franc will buy. It is a cross rate, traded directly without routing through the US dollar, and it brings together two of the market's classic safe-haven currencies. Liquidity is solid for a cross but thinner than on the dollar majors, and the pair carries no popular nickname.

The Swiss franc is the base currency and the yen the quote currency, so a quote of 170.00 means one franc is worth 170.00 yen. A rising price means the franc is strengthening against the yen, a falling price the reverse. You trade CHF/JPY as a forex CFD, taking a view on the price rather than owning the currency itself: go long if you expect the franc to rise, short if you expect it to fall. Because the yen is the quote currency, a pip is the second decimal place (0.01), and your result is the pips gained or lost multiplied by your position size.

CHF/JPY is essentially a contest between two havens, so the pair often turns on relative safe-haven demand rather than one country's data alone. The Swiss National Bank and the Bank of Japan both lean towards low rates and have a history of acting to restrain their currencies, so policy signals from either side move the pair. When global risk sentiment sours both currencies tend to attract flows, and CHF/JPY reflects which one the market favours at that moment.