CHFJPY Exchange Rate

Japan posted a current account surplus of 3.398 trillion yen in March, the Ministry of Finance said on Friday - up 44 percent from the previous year.

The average of household spending in Japan was down 1.2 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 318,713 yen.

The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3.

The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day.

In the Tokyo trading session close to finish las week, the yen once again demonstrated its mettle by surging to a notable 142.50, following a brief but impactful spike to 141.71 the previous day. This surge marks a pivotal moment as the yen attains its strongest position against the US dollar since the memorable date of August 7th.

USD: Still on track; The headline figure for August payrolls proved to be slightly stronger than anticipated. However, this positive development was offset by downward revisions to previous months' data.

Participants in the foreign exchange (forex) market focused their attention on Chinese economic data and U.S. inflation statistics during this week. These factors have a significant impact on monetary policy predictions and overall market sentiment.

Join Luca Santos, Technical Market Analyst at ACY Securities as he presents the chart of the day and his insights on the CHFJPY.