CHFJPY Exchange Rate

The Bank of Japan left its key interest rate unchanged near zero and the bank's latest projections showed the underlying inflation staying around 2 percent that further damped expectations for aggressive tightening in future. The BoJ policy board, headed by Governor Kazuo Ueda, unanimously decided to hold the overnight interest rate at around 0 to 0.1 percent.

The Japanese yen weakened against other major currencies in the Asian session on Friday after the Bank of Japan left its key interest rate unchanged and raised its inflation outlook.

The Japanese yen weakened against other major currencies in the Asian session on Friday.

Consumer prices in the Tokyo region of Japan were up 1.8 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday.

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.