Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY) has exhibited notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and potential future outlooks for the CHF/JPY currency pair.

Recent Exchange Rate Trends

As of June 3, 2025, the CHF/JPY exchange rate stands at approximately 168.71. Over the past six months, the pair has experienced a downward trend, decreasing by approximately 1.95%. This decline is more pronounced over the past year, with a decrease of about 5.04%. (tradingkey.com)

In the first quarter of 2025, the exchange rate reached a high of 174.33 JPY per CHF on January 6 and a low of 166.18 JPY per CHF on February 21. The average exchange rate during this period was 169.61 JPY per CHF. (exchange-rates.org)

Factors Influencing the CHF/JPY Exchange Rate

Several factors have contributed to the observed fluctuations in the CHF/JPY exchange rate:

1. Monetary Policies: The Swiss National Bank (SNB) and the Bank of Japan (BoJ) have maintained divergent monetary policies. The SNB has kept interest rates relatively low to support economic growth, while the BoJ has continued its ultra-loose monetary policy to combat deflationary pressures. These differing approaches have influenced investor sentiment and capital flows between the two currencies.

2. Economic Indicators: Switzerland's economy has shown resilience with steady growth and low unemployment rates, bolstering the CHF. Conversely, Japan has faced challenges such as an aging population and sluggish domestic demand, impacting the JPY's strength.

3. Global Risk Sentiment: Both the CHF and JPY are considered safe-haven currencies. Periods of global uncertainty, such as geopolitical tensions or economic downturns, often lead to increased demand for these currencies. The relative appeal of each currency during such times can cause fluctuations in the CHF/JPY exchange rate.

Technical Analysis

Technical indicators provide insights into the current market sentiment for the CHF/JPY pair:

• Moving Averages: The 50-day Simple Moving Average (SMA) is at 168.21, while the 200-day SMA is at 171.38. The current exchange rate being below the 200-day SMA suggests a bearish trend. (coincodex.com)

• Relative Strength Index (RSI): The 14-day RSI is at 61.54, indicating neutral conditions. (coincodex.com)

• MACD: The Moving Average Convergence Divergence (MACD) indicator shows a value of 0.283, suggesting a neutral momentum. (tradingkey.com)

Future Outlook

Forecasts for the CHF/JPY exchange rate indicate potential appreciation of the Swiss Franc against the Japanese Yen:

• Short-Term: In one month, the exchange rate is projected to rise to 177.4693, representing a 5.39% increase from the current rate. (exchangerates.org.uk)

• Medium-Term: In four months, the rate is expected to be 176.0693, a 4.56% increase. (exchangerates.org.uk)

• Long-Term: By December 2025, the exchange rate is forecasted to be between 173.55 and 180.91, with an average of 177.76, indicating a potential 4.27% increase. (coincodex.com)

Conclusion

The CHF/JPY exchange rate has experienced a downward trend over the past year, influenced by differing monetary policies, economic indicators, and global risk sentiment. Technical analysis suggests a neutral to bearish current market sentiment. However, forecasts indicate potential appreciation of the Swiss Franc against the Japanese Yen in the coming months. Investors should monitor economic developments and central bank policies in both Switzerland and Japan to make informed decisions regarding this currency pair.