CHFJPY

CHFJPY(Swiss franc/Japanese yen)

CHFJPY is a currency pair of the Swiss franc (CHF) and the Japanese yen (JPY). The Swiss franc is the currency of Switzerland in high demand as a safe haven, and the Japanese yen is one of the world's three major currencies. The Swiss franc was once an important currency along with the British pound, the Deutsche mark, and the French franc. Since Switzerland is not a member of the EU, the Swiss franc is still in use even after the birth of the euro, the unified currency of the EU. As the currency of the permanently neutral country with political and economic stability, it is recognized as a safe haven that tends to be bought in times of risk or uncertainty in the world. The Japanese yen, which is perceived as a safe haven, is more likely to be sold in a risk-on environment (i.e., more investment in riskier assets) and to be bought in a risk-off environment (i.e., more investment in safer assets).

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CHFJPY is a currency pair of the Swiss franc (CHF) and the Japanese yen (JPY). The Swiss franc is the currency of Switzerland in high demand as a safe haven, and the Japanese yen is one of the world's three major currencies. The Swiss franc was once an important currency along with the British pound, the Deutsche mark, and the French franc. Since Switzerland is not a member of the EU, the Swiss franc is still in use even after the birth of the euro, the unified currency of the EU. As the currency of the permanently neutral country with political and economic stability, it is recognized as a safe haven that tends to be bought in times of risk or uncertainty in the world. The Japanese yen, which is perceived as a safe haven, is more likely to be sold in a risk-on environment (i.e., more investment in riskier assets) and to be bought in a risk-off environment (i.e., more investment in safer assets).

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