Simple - USDJPY reached goals and now will drop down, on the other hand USDCHF will rize. Not only technically -
1. yesterday we saw that BOJ is absolute 0.
2. at wed there was US 5years for 34gb(gigabaxes;)) +2years for 15gigabaxes. And yesterday 7-years bonds for 28gigabaxes
wed 5y bid/cover 2.38 worst from july.
then, yesterday markets got 17gigabaxes from bills.
Next week +11.8gb tuesday 02.02 ~ +10gb
So usd will drop next week - so
There be sence buy eurusd targeting 1.1 next week but sell chfjpy anyway better idea-
assuming + very high CHF can lead interventions to drop chf also.
And i see no reasons to miss this idea.