Fundamentals: The Japanese and Swiss economies share some fundamental characteristics. Both nations have few natural resources and both must import energy needs. Both nations are export economies and both nations are sensitive to currency exchange rates with major trading partners. In fact, the health of both national economies depends on export price stability. Last, but not least, the Yen and the Franc are both considered safe haven currencies.
So it stands to reason that the central banks of both nations would have similar goals. However, for reasons which are baffling most economists including Bank of Japan Governor, the Japanese Yen continues to strengthen against the currencies of its major trading partners.
It’s important to note here that Japan and Switzerland engage in very little bilateral trade. About 0.56% of Japanese exports are destined for Switzerland and about 2.3% of Swiss exports are destined for Japan. So it may be assumed that the central bank policy of one, is not a major concern of the other.
Technical Analysis: The price has reached a Distribution Zone were it has chances to retrace or else if this zone gets well filled and Reaccumulation take place then we can see how the Price Jumps to the Specified Targets there are total of 2 Targets Defined by the Fibonacci Projection of the initial Impulsive wave.