CHFJPY declining this week ending 14th July 2023
The CHFJPY pair is expected to continue its downward trend in the following week as the pair is currently trading at 129.10, and it is expected to reach a low of 128.00 by the end of the week on Friday 14th July. The main reason for this is that the smart money is currently selling the pair, and this selling pressure is expected to continue in the near future.
Here are some of the factors that could influence the CHFJPY pair in the following week:
The US dollar index (USDX) is expected to continue to strengthen, which could put pressure on the CHFJPY pair.
The Japanese yen is considered to be a safe haven currency, and it could appreciate if there is a global risk-off sentiment in the market.
The Bank of Japan (BoJ) is expected to keep interest rates low, which could make the CHFJPY pair less attractive to investors.
Here are some of the factors that could influence the CHFJPY pair in the following week:
The US dollar index (USDX) is expected to continue to strengthen, which could put pressure on the CHFJPY pair.
The Japanese yen is considered to be a safe haven currency, and it could appreciate if there is a global risk-off sentiment in the market.
The Bank of Japan (BoJ) is expected to keep interest rates low, which could make the CHFJPY pair less attractive to investors.