Concerns over further downside potential for the Swiss franc against the yen

Concerns over further downside potential for the Swiss franc against the yen

11.05.2022

Yesterday, the U.S. dollar held steady against the euro, with the EUR/USD pair falling by about 60 pips from 1.058 to 1.052. However, during today’s Asian trading session, it is attempting to rebound, continuing to trade within the range established since the end of last month. The EUR/USD pair has seen a decline in daily volatility and has been fluctuating wildly; therefore, traders should remain vigilant for price movements should the pair break out in either direction.

While cross-yen pairs remained firm, the Swiss franc weakened; the CHF/JPY pair fell by approximately 120 pips from 134.06 to 130.43, hitting its lowest level since February of this year. The CHF/JPY pair has already fallen well below the 200-period SMA on the 4-hour chart and has entered a zone devoid of moving average support on the daily chart, so investors should remain cautious of further declines.

Today’s schedule includes remarks by German Bundesbank President Nagel at 16:15 CET, remarks by ECB President Lagarde at 17:00 CET, the U.S. MBA Mortgage Applications Index at 20:00, the U.S. Consumer Price Index at 21:30, U.S. weekly crude oil inventories at 23:30,at 1:00 AM, remarks by Bostic, President of the Atlanta Fed; at 2:00 AM, the U.S. 10-year Treasury auction; and at 3:00 AM, the U.S. budget balance. We should remain vigilant regarding the downside potential for the Swiss franc against the yen.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

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

4. 17.04.2026New

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

5. 16.04.2026New

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

6. 15.04.2026

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

7. 14.04.2026

   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

8. 13.04.2026

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

9. 10.04.2026

   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?

10. 09.04.2026

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