CHFJPY: It's getting the value of a toilet paper

CHFJPY: It's getting the value of a toilet paper

The all-time high for CHFJPY was reached on July 10, 2024 and has been moving lower ever since.

However, over the past month for no apparent reason, CHFJPY broke above the top of this area, reaching a new all-time high for the time being at 186, pushing the price up by almost +600 pips above the previous high.

The only reason is that the SNB continues to manipulate the Forex market by keeping the CHF stronger for no reason. The big trade has to fall and it will fall one day, but it definitely won’t fall unless the SNB stops this crazy manipulation.

All eyes are on the SNB to change its monetary policy approach and also on the BOJ to stop manipulating the yen’s weakness because they want to increase their exports. So both banks are playing a dirty game and it is unclear when the downtrend might start, but even the bullish move is highly overvalued. It is very dangerous both ways.

However, the big trade must fall as it is becoming like toilet paper.

You may find more details in the chart!
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