CHF/JPY surges for the second day
It’s tough to trade CHF/JPY because it feels like you’re trading EUR/JPY with a bit of added volatility.
In any case, it’s the standout pair today — breaking above 90 for the first time since April. CHF/JPY is up more than 250 pips this week and looks to close out the retracement of the decline from 92.50.
I expect yen crosses to pullback tomorrow on uncertainty ahead of the election on Sunday.