Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The CHF/JPY performance depends on the two of most affluent economies in the world: Japan and Switzerland. Keep in mind that the financial forecasts for CHF and JPY are influenced by very different factors, which thus means that the pair is relatively volatile. Although it can be hard to predict, its high risk means that it offers some tempting opportunities for the experienced investor.
The main factors on which the CHF/JPY rate depends, include changes in gold and oil prices; Japan’s trade balance; rising or falling quotes of major world currencies; changes in the interest rates; falling or growth of GDP and economic indicators (for both countries, and the USA as well); decrease or increase of indices (consumer prices, business activity, etc.); natural disasters and man-made disasters (primarily those that occur in Japa, but this is also important for Switzerland); world political and military conflicts (wars, revolutions, etc.) .
If you are interested in trading the CHF/JPY currency pair, contact TNXTrade today and open trading account in several minutes.
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