CHF/JPY

167.103
0.14%

Daily
  • L. 166.886
  • H. 167.418
  • Ch. -0.237
  • Ch.% -0.14%
Overview
Costs & Margins
  • The forex pair CHF/JPY displays how many Japanese yen, the quote currency, it takes to buy one unit of the base currency, the Swiss franc.

    The CHF/JPY currency pair experiences the most trading during the Tokyo and London sessions. The Swiss economic and political environment is considered relatively stable, making the franc a popular ‘safe haven’ currency in times of global economic uncertainty, especially in Europe.

    The Japanese yen is also a popular ‘safe haven’ currency globally, with the yen often gaining against the US dollar in times of American economic instability.

    Because of this, there are many foreign economic events that can exert influence on CHF/JPY.

  • Margin From
    5 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    10
  • Long
    0
  • Short
    0
  • Min Stop Distance
    2 Points
  • Guaranteed Order Minimum
    5 Points
  • Spreads
  • Spreads From
    0.020 Points
  • Margins
  • 0 - 9200 000
    5 %
  • 9200 000 - 31000 000
    7 %
  • 31000 000 +
    10 %
  • Dealing
  • Spreads
    0.020 Points
  • Guaranteed Order Min Distance
    5 Points
  • Margins
  • 0 - 9200 000
    5 %
  • 9200 000 - 31000 000
    7 %
  • 31000 000 +
    10 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
167.295
Bid
167.088
Offer
167.118
Distance
0
Last Updated: 3/27/2024 11:59:59 PM
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Forex explained

Why do people trade currencies?

People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a foreign holiday. However, the vast majority of FX trading is done for profit.

Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.

For instance, if the Australian dollar is rising against the US dollar, you might buy AUD/USD. When you buy this pair, you’re buying Australian dollars (AUD) by selling the US dollar (USD). Then, if Australian dollars continue to outpace US dollars, you can sell the pair to exchange your AUD back for USD and keep the difference as profit.

Confused? See more examples of how FX trading works.

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Where is forex traded?

Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike shares and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24-hours a day five days a week.

FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.

However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.

Learn more about how to trade forex.

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When is the forex market open for trading?

The forex market is open for trading 24 hours a day, five days a week. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open.

However, there are times when the market is much more active, and times when it is comparatively dormant. To learn the best times to trade forex, read our FX market hours page.

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