search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Be Wary of Further Upside Potential in the Franc-Yen Pair, Which Has Reached a 42-Year High?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Be Wary of Further Upside Potential in the Franc-Yen Pair, Which Has Reached a 42-Year High?

Should We Be Wary of Further Upside Potential in the Franc-Yen Pair, Which Has Reached a 42-Year High?

28.06.2022

Today's Highlights
  1. German GFK Consumer Confidence Survey
  2. U.S. Consumer Confidence Index

The previous day, the U.S. dollar continued to rise against the euro, albeit weakly, with the EUR/USD pair climbing approximately 70 pips from 1.054 to 1.061.On the hourly chart, the EUR/USD pair has surpassed its recent high of 1.060, and on the 4-hour chart, it is gradually setting new highs. We will be watching closely to see if this upward trend continues and whether the pair can firmly break above the 200 SMA on the 4-hour chart.

Among European currencies, the Swiss franc is showing strength, rising against both the yen and the U.S. dollar. In particular, the franc/yen pair—which is trading near a 42-year high—is climbing at a pace that threatens to reach last week’s high of 141.887 set on the 22nd, and is currently trading around 141.562 during today’s Asian session.Since the price is being firmly supported by the 20-period moving average (MA) on the hourly chart, we should pay close attention to whether this upward trend will continue.

Today, during Asian trading hours, the German GfK Consumer Confidence Survey will be released at 15:00, followed by the FrenchConsumer Confidence Index, followed by remarks by ECB President Lagarde at 17:00 during European trading hours, remarks by BOE Deputy Governor Kanrif at 19:00, U.S. Wholesale Inventories (flash estimate) at 21:30 during U.S. trading hours,at 22:00 the U.S. S&P/Case-Shiller Home Price Index, at 23:00 the U.S. Consumer Confidence Index and the U.S. Richmond Fed Manufacturing Index, a statement by San Francisco Fed President Daily at 26:00, and a U.S. 7-year Treasury auction at 26:00.We should remain cautious about the upside potential of the rising CHF/JPY pair.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Should We Keep an Eye on the U.S. 2- and 5-Year Treasury Auctions?

Next Article

Should We Pay Attention to Key Remarks by Central Bank Governors in the U.K., U.S., and Europe?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings