CHF/JPY: live price, payout and trading hours

CHF/JPY shows how many Japanese yen one Swiss franc buys: 170.000 means 1 CHF = 170 JPY. The pip is 0.01, so the quote runs to three decimals.

This is a meeting of two safe havens. The franc and the yen both tend to attract money when markets panic, which means CHF/JPY does not always react to a crisis the way you might expect: both sides may strengthen, and the pair can stay relatively flat while others swing. The difference often lies in the details — whether the stress is European (which tends to favour the franc) or global and carry-related (which often favours the yen).

Outside of crises, monetary policy does most of the work. The Swiss National Bank and the Bank of Japan have both run very low or negative rates in the past, so even small shifts in either bank's stance can matter. Japan's Ministry of Finance and the SNB have both intervened in currency markets, and such interventions produce abrupt moves. Tokyo trading covers the yen side; European hours bring Swiss data and the bulk of franc trading.

As for CHF/JPY OTC on Sky Trade, it is an independent series generated by Sky Trade's server around the clock and does not react to either central bank or to safe-haven flows.