Should we keep an eye on the Swiss franc, which is gaining momentum?

Should we keep an eye on the Swiss franc, which is gaining momentum?

15.07.2022

In the previous day’s trading, the U.S. dollar strengthened against the euro, with the EUR/USD pair falling from 1.004 to 0.995. Although the pair briefly fell below parity, this was temporary, and it is currently trading around 1.002 during today’s Asian session. We will be watching to see if the pair rebounds following the release of the University of Michigan Consumer Sentiment Index (flash estimate) during today’s U.S. trading hours.

Among European currencies, the Swiss franc has been performing well against the yen, with CHF/JPY rising by approximately 150 pips from 139.943 to 141.484.Even during today’s Asian session, it has been rising despite resistance in other yen crosses, climbing as high as 141.648. Since CHF/JPY is rising along the 20-period moving average (MA) on the hourly chart, I want to wait and see if a pullback stops around the 20-MA level of 141.211.

Today’s schedule includes the Eurozone trade balance at 6:00 PM CET, followed by Canadian wholesale sales, U.S. retail sales, and the U.S. New York Fed Manufacturing Index at 9:30 PM EST; remarks by Bostic, President of the Atlanta Fed, at 9:45 PM EST; and remarks by Braad, President of the St. Louis Fed, at 10:00 PM EST.St. Louis Fed President Braid, at 22:15 US Industrial Production, at 23:00 US University of Michigan Consumer Sentiment Index (Preliminary), and US Business Inventories. We will be watching the movements of the Swiss franc, which is gaining upward momentum.

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?