CHF/JPY

The number of Japanese yen that each Swiss franc can be exchanged for is represented by the CHF/JPY figure.

Both are considered to be hugely important safe-haven currencies that investors rush to when there is uncertainty or turmoil in other parts of the fx markets.

With the global economy going through a difficult time in the past few years, this factor has come into play a great deal, particularly when major monies such as the US dollar or euro have stuttered.

This demand has the effect of boosting the value of safe-haven monies.

The franc and the yen are considered to be 'majors', due to being the sixth and third most-traded currencies.

For the Swiss money, the economic performance of the country, including inflation, unemployment and trading figures, will have an impact on its price.

The fluctuations of certain commodities like gold, oil, agricultural products and base metals are also likely to affect the franc, which gets its CHF code from Confoederatio Helvetica - the Latin for Swiss Confederation.

Similarly, the Japanese yen is affected by the cost of coal, oil, aluminium and other base metals used in the car industry, as well as the economic performance of the nation.

While demand for the money is boosted by traders seeking safe-haven currencies, investors are aware that the Bank of Japan may intervene if it grows too strong, which has the effect of curtailing excessive gains.