The Japanese is still undoubtable the weakest currency across major pairs. The Bias towards this trade is based on the Dollar. I think the USD has peaked and it will either consolidate or Down creating a Risk off environment strong enough for Equities also Technical analysis confirms this. Considering the correlation between the CHF and USD this is where this trade Idea comes in USDJPY was a strong momentum trade for a couple of months and that shift of momentum is likely to shit to this environment based on ((CHF))