CHFJPY Chart Technical Outlook on H4, time frame. The risk-averse sentiment favours both the Swiss Franc and the Japanese yen, but the JPY is taking the lead between them. The BoJ is about to start a tightening cycle, while the SNB is among the most dovish of the major central banks.
From a technical perspective, the pair is trending lower after peaking in mid-July. Resistance at 175.30 has capped bulls, above here, next is 177.55. Supports are 172.30 and 170.95.
