Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY) has experienced notable fluctuations over the past few months, influenced by various economic factors and monetary policies. This report provides an analysis of the recent trends, underlying causes, and potential future movements of the CHF/JPY currency pair.

Recent Exchange Rate Trends

As of June 27, 2025, the CHF/JPY exchange rate stood at 181.05, marking a 0.34% increase from the previous day. (investing.com) Over the past month, the pair has exhibited an upward trajectory, with the rate rising from 174.60 on May 29, 2025, to its current level. This represents an approximate 3.7% appreciation of the Swiss Franc against the Japanese Yen within a month.

Factors Influencing the CHF/JPY Exchange Rate

Several key factors have contributed to the recent movements in the CHF/JPY exchange rate:

1. Monetary Policy Divergence: The Swiss National Bank (SNB) has maintained a relatively hawkish stance, keeping interest rates near 1.75% to combat persistent inflation. In contrast, the Bank of Japan (BoJ) has been more cautious in tightening its monetary policy, resulting in a widening interest rate differential that favors the Swiss Franc. (liveindex.org)

2. Economic Performance: Switzerland's economy has demonstrated resilience, with steady growth and controlled inflation, bolstering investor confidence in the CHF. Conversely, Japan's economy has faced challenges, including sluggish growth and deflationary pressures, which have weakened the JPY.

3. Safe-Haven Demand: Both the CHF and JPY are considered safe-haven currencies. However, during periods of global economic uncertainty, the Swiss Franc has often been preferred due to Switzerland's stable political and economic environment.

Technical Analysis

Technical indicators suggest a bullish outlook for the CHF/JPY pair:

• Relative Strength Index (RSI): The RSI is at 76.03, indicating strong bullish momentum as it is above the overbought threshold of 70. (fxleaders.com)

• Average True Range (ATR): The ATR at 1.26 suggests moderate volatility, which could lead to price fluctuations within the predicted range. (fxleaders.com)

• Moving Averages: The 50-day Simple Moving Average (SMA) is at ¥174.26, and the 200-day SMA is at ¥171.71, both below the current exchange rate, supporting the bullish trend. (coincodex.com)

Forecast and Outlook

Short-term forecasts indicate a continued appreciation of the CHF against the JPY. For instance, the CHF/JPY exchange rate is projected to reach ¥176.62 in the next month, representing a 1.16% increase from the current rate. (coincodex.com) Additionally, the daily closing price is predicted to be around 180.50 JPY, with a range between 180.20 JPY and 180.88 JPY. (fxleaders.com)

In the medium to long term, unless the Bank of Japan accelerates its policy normalization, the CHF/JPY exchange rate is expected to remain elevated, potentially breaching 175 in the coming months. (liveindex.org)

Conclusion

The CHF/JPY exchange rate has been on an upward trend, driven by monetary policy divergence, economic performance disparities, and safe-haven demand. Technical indicators and forecasts suggest that this trend may continue in the near future. Investors should monitor central bank policies and economic indicators from both Switzerland and Japan to make informed decisions regarding this currency pair.