Johanes
Long

JLS: CHFJPY Long Target Zone 108.00-118.00

FX:CHFJPY   Swiss Franc / Japanese Yen
The short/sell on the CHFJPY target zone 117.70-105.70 ended to 108.00 or about 230 PIPs error (see attached previous analysis). Both JPY and CHF are utilized for carry trading activity and their target zones very often aligned. The current estimated target zone 108.00-118.00. However, this target zone must be regularly evaluated based on the current estimated target zone of USDCHF 0.9700-1.0700 and USDJPY 107.00-117.00.

Long/buy on the current target zone 108.00-118.00 less recommendable due to the fact that the pair is being moved from their "equilibrium rate" to "disequilibrium rate" due to large interest rate differential rollover charge by brokers. The rollover charges will continuously to pressure the floating profit and not interesting to see in portfolio management.
Feb 16
Comment:
Feb 21
Comment: Beaware, the NZDJPY, AUDJPY, CADJPY, GBPJPY, EURJPY, CHFJPY could be re-hammered down, therefore long must be re-measured from her new lows based on their target zones performance with their major pairs.
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