The Swiss Franc has edged lower by about 1.73% in value against the Japanese Yen since August 14. The currency pair was trading near May 2019 low level at 107.71 during the morning hours of Friday’s trading session.
Everything being equal, the CHF/JPY exchange rate will likely continue to fall during next week’s trading sessions. Bearish traders could target a psychological support level at 106.50 next week.
Furthermore, technical indicators suggest bearish signals on the daily time-frame chart.
