The Swiss Franc has lost about 2.77% of its values against the Japanese Yen since December 11. Bears have led the currency pair toward a four-month low level at 111.43.
The CHF/JPY exchange rate breached a resistance level formed by the 50-hour simple moving average at 112.34 during Friday's trading session.
Everything being equal, it is likely that the currency exchange rate continues its decline during the following trading sessions and potentially breaks a dominant ascending channel at 111.43.
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