CHF/JPY rallied due to japan proximity to North Korea
Due to rising tensions between North Korea & US, Japan market has been highly affected because of proximity to North Korea. Yen has started falling from April onwards against CHF & other pairs, the world has started predicting the inception of a war situation amongst the strong powers. Strong movement of US army & large scale live fire exercises of North Korea has turned the long time fall of CHF/JPY pair. The market analyst has been monitoring the market closely, in confirmation with their technical analysis aligning the same with fundamental market analysis took a long position today.
Result – Adding another feather in the cap by closing the trade timely with margin of “+0.5 %”.