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CHF/JPY, who is stronger?

CHF/JPY
The Swiss franc managed to make a new High on August 28, but it has failed to climb above that since then. On October 20, he knocked but made only a lower high, which helped us draw the trend line and based it as a parameter we monitor and trade in the coming period.
The CHF/JPY pair is currently moving in a downward trajectory, and we see potential support on the chart at 113,300. From the bottom side, we also have one smaller trend line with the two previous lows from June 22 and September 28. We can call it the retest trend line.
This week we had a lot of economic news from Japan; among the most significant we will single out the report of the Bank of Japan on the interest rate which remained at the same level of -0.10%, and then the press conference of the Governor of the Bank of Japan Haruhiko Kuroda. His speech was based on risks directed at the negative side of the economy and the Bank of Japan’s possible actions by easing monetary policy.
He also focused on the slow recovery of the US economy, monitoring the Chinese economy, which is recovering but slowing down, and monitoring other economic centers in Europe, South America, and Australia as business partners of Japanese companies.
The curve of newly infected Covid-19 is starting to grow slowly again in the last month. From the Swiss economic news, we will single out today’s Switzerland KOF Leading Indicator, which by its parameters was weaker than expected by 0.4, which may weaken the Swiss franc together with (ZEW) Economic Expectations Index rates, which was disappointing from 26.2 to 2.6.
Corona cases in Europe are on the rise, so Switzerland is no exception, where the number of newly infected is a record and continues to grow daily.
The uncertain American elections await us now for the weekend, and it is very unpredictable, and the Swiss franc and the Japanese yen will always be a good and safe haven for investors.

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