CHF/JPY Long Term Short

25 de jul. de 2016

Back at it again with a CHF/JPY Long Term Short. Fundametally a weak currrency, CHF has been fundamentally struggling and decreasing its strength consistently. Although next GDP data release should firmly show us where the currency is heading until then fundamentals will not cause major sentiment and bias change on the Franc. With the JPY not performing much better there are still many more fundamental changes coming thus giving JPY a higher chance of outperforming CHF on this trade. With the majority of Friday's (29/07/16) data predicted to be positive for the Yen we could possibly see it gaining strength over the Franc although, we do have Japans Rate Decision on the same day. Therefore, will play it safe and manage the trade as it progresses. Possibly, a slow progress on the pair but will be waiting on it.