Convert CHF to JPY
The CHF/JPY currency pair experiences a movement of around 80 pips on average.
CHF/JPY strengthened to trade at 11.792 on 28 August 2020. This has been the highest level this currency pair has touched so far this year.
Both countries Switzerland and Japan maintain negative interest rates, and traders use this to their advantage especially when they have to perform carry trading. When the risk sentiment is off, traders unwind their carry trades and prefer the safety of the CHF and JPY instead.