CHF
JPY
What CHF/JPY is
CHF/JPY is a currency pair. A currency pair is the price of one currency in terms of another. Here the Swiss franc (CHF) is the base currency and the Japanese yen (JPY) is the quote currency. The price shows how many yen buy one franc.
- If the price rises, the franc is gaining against the yen.
- If the price falls, the yen is gaining against the franc.
The pair does not include the US dollar. Pairs like this are called crosses. You can read how crosses differ from majors and exotics in Majors, minors, exotics and in the overview of currency pairs.
How to read the quote, pips and pip value
A platform shows two prices:
- Bid: the price at which you can sell.
- Ask: the price at which you can buy.
The gap between them is the spread. It is your cost to open the trade.
A pip is the standard unit of price movement. Yen-quoted pairs show fewer decimal places than pairs such as EUR/USD, so a pip on CHFJPY is a larger step in the price. Platforms also show a fractional digit, often called a point. Check the number of digits in the symbol specification in your platform so you do not confuse points with pips.
Pip value is how much money a pip of movement is worth for a given position size. On CHFJPY it is calculated in yen first, because yen is the quote currency. It is then converted into your account currency, for example USD or PKR. Because of this conversion, pip value changes when the yen's exchange rate against your account currency changes.
Use the calculator below to get pip value in yen and in your account currency for your lot size:
Fill in the empty fields to see the result.
What tends to move the Swiss franc
- SNB policy. The Swiss National Bank sets Swiss interest rates. Changes to rates, or to its guidance on future rates, change the franc's yield appeal.
- FX interventions. The SNB has a history of buying or selling foreign currency to influence the franc. Statements about intervention can move the franc sharply.
- Safe-haven flows. In periods of market stress, money often moves into the franc.
- Euro-area spillovers. Switzerland trades heavily with the euro area. News about euro-area growth, ECB decisions or euro-area debt stress often passes through to the franc. See EUR/CHF and USD/CHF.
What tends to move the Japanese yen
- BoJ policy and yield-curve stance. The Bank of Japan's rate decisions and its approach to Japanese government bond yields are central to the yen.
- US–Japan yield gap. When US yields rise relative to Japanese yields, the yen often weakens, and the reverse also happens. This is why USD/JPY matters for every yen cross.
- Safe-haven demand. Like the franc, the yen is often bought in stress.
- MoF intervention risk. Japan's Ministry of Finance can order intervention in the currency market. Official warnings about "excessive" moves can trigger fast reversals.
Both currencies are treated as safe havens. In a risk-off move they can strengthen together, so CHFJPY may move less than you expect. It can still swing hard when only one central bank acts. Correlations between pairs change over time; see pair correlations. For a structured CHFJPY analysis, start with fundamental analysis and the economic calendar.
Liquidity by session and spread behaviour
- Tokyo session: yen activity picks up. Japanese data and BoJ news land here.
- European session: franc liquidity is usually deepest. Swiss and euro-area data are released.
- New York session: US data moves yields, which feeds into the yen.
- Session rollover and late US hours: liquidity is thin and spreads often widen.
CHFJPY is less traded than major pairs, so its spread is usually wider than on EUR/USD or USD/JPY. Spreads can widen further around central bank decisions, intervention headlines, holidays and weekend gaps.
CHFJPY at Exness: what is sourced and what to check
We have no sourced Exness contract specification for CHFJPY itself. Before you trade, check the specification in the platform. That includes contract size, digits, spread, swap and trading hours. You can find it in the symbol properties in MetaTrader 5 or MetaTrader 4.
General Exness conditions that apply across accounts:
| Item | Exness condition |
|---|---|
| Minimum lot size | 0.01 lot |
| Maximum lot size | 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0) |
| Forex leverage during higher margin periods | 1:200 (0.5%) |
| Higher margin window around news | From 15 minutes before to 90 seconds after high-impact news |
| Margin call / stop out by account | Standard Cent: margin call 60%, stop out 0%; Standard: margin call 60%, stop out 0%; Pro: margin call 30%, stop out 0%; Raw Spread: margin call 30%, stop out 0%; Zero: margin call 30%, stop out 0% |
| Standard account spread | From 0.2 pips |
| Raw Spread commission | Up to 3.50 USD each side per lot |
"Spread from" is the lowest advertised value, not the typical CHFJPY spread. Compare accounts in account types.
Swaps. A swap is the overnight financing charge or credit on a position. Exness lists Pakistan among countries whose clients get swap-free status automatically: Algeria, Azerbaijan, Bahrain, Bangladesh, Brunei, Chad, Comoros, Côte d'Ivoire, Djibouti, Egypt, Indonesia, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Libya, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Tajikistan, Tunisia, Turkiye, Turkmenistan, United Arab Emirates, Uzbekistan. Check your status in the Personal Area. See swap fees and Islamic finance.
Margin. Margin is the money set aside to keep a position open. It depends on lot size, price and leverage. Leverage caps also depend on your equity, your eligibility and the news periods above. Use the calculator for your numbers:
Fill in the empty fields to see the result.
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Risk and the legal position in Pakistan
Leveraged forex and CFD trading can lose money fast, and CHFJPY can jump on intervention or central bank surprises. Read risk management before trading.
On payments, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read law and regulators before you decide anything.
Frequent questions
What does the CHFJPY price mean?
It is the number of Japanese yen needed to buy one Swiss franc.
Why does CHF/JPY sometimes move little in a market sell-off?
Both the franc and the yen are safe havens. In stress they can strengthen together, which limits the move in the cross.
How do I work out pip value for franc yen?
Pip value is set in yen, then converted into your account currency. Use the pip calculator on this page.
Where do I find the Exness CHFJPY specification?
Open the symbol properties in your trading platform. Also check current conditions in the Exness Personal Area or on the official site.
Is there a CHFJPY forecast here?
No. This page explains the pair and its drivers. It gives no price levels, forecasts or trade ideas.
