Forex Cross
CHF/JPY — Swiss Franc / Japanese Yen
1.2 – 3.5 pips · 50 – 90 pips
CHF/JPY pits two safe havens against each other, which makes it a relatively quiet cross driven mostly by SNB-versus-BoJ policy expectations.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 CHF |
| Pip / tick value | 0.01 → ca. 6.5 – 7 USD / 1.00 lot |
| Typical spread | 1.2 – 3.5 pips |
| Typical daily range | 50 – 90 pips |
| Best trading hours | European session |
What moves this market
- ▸Relative SNB vs BoJ policy
- ▸Which haven markets prefer during stress
- ▸Yield differentials
Correlations to watch
- ▸Weak correlations to commodities — useful diversifier
- ▸Related to both USD/CHF and USD/JPY paths
How traders approach it
- ▸Slow trend following on daily charts
- ▸Policy-divergence position trades
- ▸Range trades with wide targets
Typical mistakes
- ▸Expecting reliable haven behaviour in every crisis
- ▸Overtrading a low-liquidity cross
Related instruments
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