US Dollar / Japanese Yen vs US Dollar / Swiss Franc

US Dollar / Japanese Yen (USD/JPY) and US Dollar / Swiss Franc (USD/CHF) compared side by side. Over the past 90 days, USD/CHF is ahead by 4.1 percentage points (USD/JPY -2.9% against USD/CHF +1.2%). Their daily returns move loosely together (correlation 0.56 across 284 shared trading days). Both have run at a similar volatility, around 9% annualised.

Correlation: 0.56
Ahead over 90 days: USD/CHF

US Dollar / Japanese YenUSD/JPY

$158.2900

24h: +0.25%
Market cap: —
Volume 24h: —
Volatility (ann.): 9%

US Dollar / Swiss FrancUSD/CHF

$0.819930

24h: +0.04%
Market cap: —
Volume 24h: —
Volatility (ann.): 8%

Performance

USD/JPYUSD/CHF

7 days+0.91%-0.17%USD/JPY
30 days+0.29%-0.29%USD/JPY
90 days-2.90%+1.20%USD/CHF

Correlation

0.56over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 0.491y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/JPY	USD/CHF
Max drawdown (400d)	-6.4%	-5.8%
Risk-adjusted return (90d)	-0.30	0.15

Relative strength over 90 days: USD/CHF outperformed USD/JPY by 4.0% — measured on the USD/JPY/USD/CHF ratio, so it holds regardless of market direction.

US Dollar / Japanese Yen →US Dollar / Swiss Franc →