Swiss Franc – Japanese Yen

CHF (Swiss franc)
Currency unit of Switzerland and Liechtenstein. It is traditionally considered to be a safe haven asset. It is usually in great demand, during the period of economical and geopolitical tensions.
Issued by: Swiss National Bank
The price dynamics depend on the interest rates of the Swiss National Bank as well as neutral status and high credit rating of the country.

JPY (Japanese yen)
Currency unit of Japan. It is one of the main currencies of the Asian-Pacific Region with a floating rate.
Issued by: Bank of Japan
Price dynamics depend on the interest rates of the Bank of Japan, inflation and growth rates of the region’s economy. For many years the main priority for the country has been to stimulate growth and counter deflation by means of capping the national currency appreciation.