CHFJPY 19/12/2025

Fundamental / Economic Backdrop (short term) Swiss franc (CHF): Safe-haven demand remains supported amid late-week risk management and year-end positioning. Swiss data remains subdued, keeping the SNB neutral, but CHF retains defensive bid. Japanese yen (JPY): The yen remains sensitive to yield differentials and BoJ normalisation expe…

CHFJPY 18/12/2025

Fundamental / Economic Backdrop (short term) CHFJPY remains primarily driven by relative risk sentiment and central bank policy expectations. The Japanese yen continues to trade as a funding and defensive currency, with near-term price action sensitive to global equity volatility and US yields. The Swiss franc also retains defensive charac…

CHFJPY 17/12/2025

Fundamental / Economic Backdrop (short term) Short-term fundamentals for CHFJPY remain driven by relative safe-haven demand and yield differentials. The Swiss franc continues to find support from its defensive characteristics amid cautious global risk sentiment and uneven equity market performance. Meanwhile, the Japanese yen remains structurally …

CHFJPY 16/12/2025

Fundamental / Economic Backdrop (short term) CHFJPY remains primarily driven by relative risk sentiment and interest rate expectations between Switzerland and Japan. Swiss franc (CHF):The CHF continues to trade as a defensive currency. Short-term support is underpinned by stable Swiss inflation dynamics and the Swiss National Bank maintai…

CHFJPY 15/12/2025

Fundamental / Economic Backdrop (short term) The short-term macro environment for CHFJPY remains shaped by contrasting policy paths. The Swiss National Bank (SNB) has maintained a stance focused on preventing excessive franc strength but continues to monitor inflation, which remains within its controlled range. Markets perceive limited near-term t…

CHFJPY 12/12/2025

Fundamental / Economic Backdrop (short term) CHFJPY at 195.68 trades within a fundamentally mixed environment shaped by diverging monetary policies and a stabilising global risk tone. Swiss Franc drivers (CHF): The Swiss National Bank (SNB) has maintained a softly dovish stance relative to its historically tight posture, reflecting slowi…

CHFJPY 10/12/2025

Fundamental / Economic Backdrop (short term) Key macroeconomic forces influencing CHF/JPY in the immediate term: Swiss Franc (CHF)CHF continues to benefit from its defensive reserve-currency status, supported by Switzerland’s low inflation, strong fiscal position, and financial stability. In periods of mild risk-off sentiment, CHF often…
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