Source: PaxForex Premium Analytics Portal, Fundamental Insight

The Swiss unemployment rate decreased in January, but inflationary pressures remain absent. The Swiss National Bank increased its activity in the forex market slightly and continues to monitor the impact of the coronavirus on the global economy. The CHFJPY completed a breakdown below a strong horizontal support area, where will price action move from here? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The latest series of economic data out of Switzerland disappointed and showed an economic slowdown which exceeded expectations. The Swiss National Bank is expected to keep interest rates at record lows for a longer time period and today’s CPI data is anticipated to show the absence on inflationary pressures. Yesterday’s Manufacturing PMI slide further into contractionary conditions which will hit the Swiss export sector. The CHFJPY started to correct, will this trend last? Today’s fundamental analysis will explore price action in both directions.

Here is the key factor to keep in mind today for Swiss Franc trades:

Here are the key factors to keep in mind today for Swiss Franc trades: