MUFG trade of the week: Buy CHF/JPY
- ByForexlive-
The Swiss National Bank surprised everyone with a 50 basis point hike this week while the Bank of Japan stuck to its policy of yield curve control. The relative shift is why MUFG...
Symbol | Exchange | Currency |
|---|
The Swiss National Bank surprised everyone with a 50 basis point hike this week while the Bank of Japan stuck to its policy of yield curve control. The relative shift is why MUFG...
All of a sudden, the Swiss franc and the Japanese yen look like two currencies at the opposite end of the spectrum. How quickly the tables have turned.With the SNB surprising...
This article was written exclusively for Investng.comFollowing the SNB’s surprise decision to hike rates by 50 basis points on Thursday, the USD/CHF tanked some 360 pips from the...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Buy | Strong Buy | Buy | Buy | Strong Buy |
| Technical Indicators | Strong Buy | Strong Buy | Strong Buy | Strong Sell | Strong Buy |
| Summary | Strong Buy | Strong Buy | Strong Buy | Neutral | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Doji Star Bearish | 1W | 4 | Jun 05, 2022 | ||
| Three Black Crows | 5H | 8 | Jul 05, 2022 14:00 | ||
| Three Inside Down Bearish | 15 | 10 | Jul 07, 2022 06:30 | ||
| Engulfing Bearish | 1D | 10 | Jun 23, 2022 | ||
| Doji Star Bullish | 1H | 30 | Jul 06, 2022 03:00 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Thursday, 7 July 2022 | ||||||
| 00:50 | JPY | -1,415.40B | -1,599.30B | |||
| 00:50 | JPY | -490.40B | -419.10B | |||
| 00:50 | JPY | 1,311.30B | 1,329.70B | |||
| 04:35 | JPY | 1.23% | 1.049% | |||
| 06:00 | JPY | -1.30% | 0.00% | |||
| 06:00 | JPY | -1.50% | 2.10% | |||
| 06:00 | JPY | 101.40 | 102.90 | |||
| 06:45 | CHF | 2.00% | 2.00% | 2.10% | ||
| 06:45 | CHF | 2.20% | 2.20% | 2.20% | ||
| Friday, 8 July 2022 | ||||||
| 00:30 | JPY | 2.10% | -1.70% | |||
| 00:30 | JPY | 0.80% | 1.00% | |||
| 00:50 | JPY | 0.51T | ||||
| 00:50 | JPY | 0.70% | ||||
| 00:50 | JPY | 0.186T | 0.501T | |||
| 06:00 | JPY | 54.00 | ||||
| 20:30 | CHF | -8.60K | ||||
| 20:30 | JPY | -52.60K | ||||
Swiss National Bank(SNB) | ||
| Current Rate | -0.25% | |
| Chairman | Thomas Jordan |
Bank of Japan(BOJ) | ||
| Current Rate | -0.10% | |
| Chairman | Haruhiko Kuroda |