CHFJPY marketwatch Friday market Ticktrader FXOpen

Today monitoring the CHFJPY pair on the Ticktrader terminal FXOpen. The CHFJPY pair has a spread cost of around 10 pips because it does not have a USD element and is a cross pair.

In the last three days this pair has moved sideways or horizontally. Even in the small time frame M15, you can see that the Bollinger band is forming a Bollinger band squeeze, which means flat and low volatility.

However, on the daily time frame, JPY tends to weaken in the long term. According to news quoted from Investing, The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) slipped to 48.1 in November from 48.7 in October. The index has remained below the 50.0 threshold that separates contraction from expansion since June.

There is a possibility that JPY will still weaken further, but trading on Friday also allows for random weekend changes.

#marketwatch #marketanalysis #ticktrader #fxopen