Trading hours
CHF/JPY typically trades from Sunday 22:00 to Friday 22:00 UK time (5pm to 5pm New York time), with no daily break beyond a brief pause at some brokers around the 22:00 UK rollover. Times on your chart follow your broker's server clock.
| When | UK time | New York time | Note |
|---|---|---|---|
| Weekly open | Sunday 22:00 (21:00 in the gap weeks) | Sunday 17:00 | Typically, at most CFD brokers. Wellington and Sydney are already in their Monday morning. Spreads are often wide in the first minutes and there can be a gap from Friday's close. |
| Daily rollover | 22:00 each weekday (21:00 in the gap weeks) | 17:00 | The trading day ends and overnight financing (swap) is charged. There is typically no long break, but spreads widen for a few minutes and some brokers pause quotes briefly. |
| Friday close | Friday 22:00 (21:00 in the gap weeks) | Friday 17:00 | Typically. Many brokers stop a few minutes early, for example Pepperstone closes all markets 5 minutes early on Fridays. Closed all of Saturday. |
| Busiest hours | 07:00 to 10:00 | 02:00 to 05:00 | Typically. London's open with Swiss data, while Tokyo is finishing. |
Forex hours follow New York time: the week opens on Sunday and closes on Friday at 5pm New York time. For most of the year that is 22:00 UK. The US and UK change clocks on different Sundays, so in the gap weeks it is 21:00 UK. In autumn 2026 the UK moved back on 25 October and the US on 1 November; in spring 2027 the US moves forward on 14 March and the UK on 28 March, so from 14 to 28 March the open, close and rollover are at 21:00 UK and US data at 8:30am New York time lands at 12:30 UK instead of 13:30. European releases (UK, eurozone and Swiss) stay at the same UK time all year, because those countries change clocks on the same dates as the UK. Japan does not change its clocks, so Tokyo data at 08:30 Tokyo time lands at 23:30 UK in winter and 00:30 UK in summer. Times on your broker's chart follow its server clock, which many brokers set to GMT+2 in winter and GMT+3 in summer so the daily candle starts at the 5pm New York rollover. Check your broker's own contract page.
What is CHF/JPY?
CHF/JPY shows how many Japanese yen one Swiss franc buys. If it reads 185.00, one franc costs 185 yen. It is unusual because both currencies are traditional safe havens, so in a sell off they can both be bought and the pair's direction depends on which is bought more.
Swiss and Japanese interest rates are both low by world standards, so CHF/JPY tends to move on changes in what traders expect from the Swiss National Bank and the Bank of Japan, and on any move by Japan to support the yen.
The trading sessions
Tokyo is open; Japanese data and BoJ decisions can move the pair.
Swiss data at 07:30 UK and the SNB at 08:30 UK on decision days land here.
US data at 13:30 UK moves USD/JPY, which can feed into CHF/JPY. Activity fades after 17:00 UK.
Typically the busiest window for CHF/JPY.
Contract facts
One pip is 0.01 (the second decimal place). Most brokers quote one more decimal, a tenth of a pip, often called a pipette or point.
1 standard lot = 100,000 Swiss francs (the first currency in the pair). A mini lot (0.1) is 10,000 and a micro lot (0.01) is 1,000.
One pip (0.01) on 1 standard lot is worth 1,000 yen (100,000 x 0.01). On a mini lot (0.1) it is 100 yen and on a micro lot (0.01) it is 10 yen. To see it in your account currency, your platform converts at the current rate.
Most CHF/JPY trading happens in the spot market between banks and through CFDs. Cross rate futures volume is small, so CFD and spot prices are what most traders watch.
How far it usually moves
Varies with conditions; check the Average daily range indicator on WickSpeak for the current figure in pips. We do not publish a fixed number for CHF/JPY because we could not verify one from an official source.
What moves CHF/JPY
The SNB has said it is willing to buy foreign currency when it thinks the franc is too strong, which can cap sharp franc rallies.
Any sign the Bank of Japan will raise rates further, or step in to support the yen, tends to strengthen the yen sharply.
Very low Swiss inflation leaves the SNB wary of a strong franc, which can limit how far CHF/JPY rises on franc buying.
In market stress both currencies can be bought, so CHF/JPY's reaction to fear is less predictable than other yen pairs.
If the yen weakens fast, Japan's finance ministry may buy yen, which can drop yen crosses sharply.
Scheduled events to watch
Only four a year, so each one carries weight; next on 10 December 2026, then 18 March 2027.
The statement comes out when the two day meeting ends; next meeting 17 to 18 December 2026, then 21 to 22 January 2027.
Monthly from the Federal Statistical Office, usually early in the month; low Swiss inflation shapes how far the SNB will go to stop the franc rising.
Released at 08:30 Tokyo time, an early monthly read on Japanese inflation that feeds Bank of Japan expectations.
What it tends to move with
CHF/JPY often moves with EUR/JPY, since the franc tends to track the euro.
Moves in USD/JPY usually feed into CHF/JPY.
When EUR/CHF falls (franc stronger) and EUR/JPY holds, CHF/JPY tends to rise.
Tips for trading CHF/JPY
Do not assume a risk off fall
Unlike most yen pairs, CHF/JPY may not fall in a sell off. Let price confirm: a close below the previous day's low is needed before treating it as weak.
BoJ and SNB days
A close back into the pre-decision range after either bank speaks proves the first move wrong.
Mind the spread
Spreads are usually wider than on majors. Keep stops beyond structure.
Asian range break
A London close beyond the Asian range is a direction idea; a close back inside proves it wrong.
Connect a cTrader account once and, if your broker offers CHF/JPY, it appears on WickSpeak at your broker's own prices. Key levels show the previous day high and low, pivot points, round numbers and average daily range levels with how many pips away each is, Time of day DNA shows when CHF/JPY has tended to move, and every indicator writes a plain-English reading on the live candle. A Playbook play can alert you, paper trade, or place a trade inside guardrails you set, only on a play where you switched live trading on.
Related markets
Sources: pepperstone.com, pepperstone.com, snb.ch, boj.or.jp. Checked 2026-11-05. Broker hours follow your broker's server clock and can differ.
Questions traders ask
What are CHF/JPY trading hours in the UK?
CHF/JPY typically trades from Sunday 22:00 to Friday 22:00 UK time, which is 5pm Sunday to 5pm Friday in New York. In the few weeks when the US and UK clocks change on different dates, the open and close are at 21:00 UK. It does not trade on Saturdays.
What is the best time to trade CHF/JPY?
Typically 07:00 to 10:00 UK, at the London open with Swiss data while Tokyo is still trading. Japanese data and Bank of Japan news in the UK night can also move it.
Are both CHF and JPY safe havens?
Both have long been bought in market stress. That is why CHF/JPY can move either way in a sell off, depending on which currency traders favour at the time.
What moves CHF/JPY most?
Expectations for Swiss and Japanese interest rates, any change in Bank of Japan policy, SNB decisions and Japanese intervention to support the yen.
How much is 1 pip on CHF/JPY worth?
On 1 standard lot of 100,000 Swiss francs, one pip (0.01) is worth 1,000 yen. On 0.1 lots it is 100 yen and on 0.01 lots it is 10 yen. Your platform shows it in your account currency at the current rate.