For the last 3 month time frame, it wasn't profitable overall. However past day as well as year, as well as past 5 years were more positive correlations. Japan also has less harsh regulations on cryptocurrency then lots of southeast Asia as well as stable monetary teasing. These two reasons are why this will both indirectly and directly effect the Yen. Also due to the CHF becoming a haven currency of choice plus market vitality, it is likely that this trading position is closer to doing a buy and having a short holding position the next few month, then a long term holdings or investment strategy.