Concerns over a decline in the Swiss franc?

Concerns over a decline in the Swiss franc?

14.09.2021

Yesterday, the Dow Jones and S&P 500 rebounded in U.S. markets, leading to a risk-on environment characterized by rising stock prices, falling interest rates, and higher oil prices. Today, the Nikkei 225 has also recovered to the 30,600-yen level, while BTC/USD has held steady following last week’s decline, trading in the $45,100 range.

In the foreign exchange market, the Swiss franc became the weakest currency starting during yesterday’s European trading session, with the CHF/JPY pair falling from 120.03 to as low as 119.09. From a technical perspective, the Swiss franc is already trading below its 20-day moving average on the daily chart, and with no significant support in sight until around 118.8, we should remain cautious about further downside if the pair fails to rebound.

Today’s schedule includes the UK unemployment rate and new jobless claims at 3:00 PM, Swiss producer import prices at 3:30 PM, Turkish housing prices at 4:00 PM, and remarks by Bundesbank President Bahtmann at 4:35 PM, followed by the U.S. NFIB Small Business Optimism Index at 7:00 PM, the U.S. Consumer Price Index at 9:30 PM, and Canadian manufacturing sales at 9:30 PM.remarks by Bundesbank President Weidmann, the US NFIB Small Business Optimism Index at 7:00 PM, the US Consumer Price Index and Canadian Manufacturing Sales at 9:30 PM, and New Zealand’s Q2 Current Account Balance at 7:45 AM the following day. We want to closely monitor how European currencies, which have been showing notable weakness, will perform in the first half of the week.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed