search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

All Eyes on Whether the Swiss Franc Will Move Following the SNB's Policy Rate Announcement

Market Report

All Eyes on Whether the Swiss Franc Will Move Following the SNB's Policy Rate Announcement

15.12.2022

Today's Highlights
  1. Swiss National Bank (SNB) Policy Rate and Statement Announcement
  2. UK: BOE Policy Rate and Statement Release

In U.S. currency trading the previous day, the U.S. dollar rose against the yen even though the FOMC raised interest rates by 0.5 points as expected by the market and Fed Chair Powell did not make any overly hawkish remarks during his press conference.The USD/JPY pair rose to 135.972. Although it surged to the 75-period moving average (MA) on the hourly chart, the rally did not extend further, and the pair has been consolidating in that price range during today’s Asian trading session. We will be closely monitoring whether the U.S. dollar gains momentum following the release of economic indicators during U.S. trading hours.

Ahead of today’s SNB policy rate announcement, the Swiss franc is rising against the yen. The CHF/JPY pair rose from 145.219 to 146.727.The pair rebounded off the 200-period SMA on the hourly chart as a support line. However, on the daily chart, it is positioned just below the 20-period MA, and with the direction of the trend still unclear, it will be worth watching to see if today’s SNB policy rate announcement triggers any significant movement.

Today’s schedule includes Turkish home sales at 4:00 p.m., the Swiss National Bank’s (SNB) policy rate and statement at 5:30 p.m., a press conference by SNB Governor Jordan at 6:00 p.m., and at 9:00 p.m., the UK’sBOE policy rate and statement at 9:15 p.m., the ECB policy rate and statement at 10:15 p.m., along with Canadian housing starts, U.S. initial jobless claims and retail sales at 10:30 p.m.,U.S. New York Fed Manufacturing Index; at 10:45 p.m., the ECB’s President Lagarde will hold a press conference; at 11:15 p.m., U.S. industrial production and capacity utilization; and at 12:30 a.m., U.S. weekly natural gas inventories are scheduled to be released.We will be watching to see if the Swiss franc reacts to the SNB’s policy rate announcement.

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

Will the U.S. Dollar Find a Clear Direction at the FOMC Meeting, or Will It Remain on Hold?

Next Article

Will the euro, which has been showing strength following the ECB announcement, continue to rise over the weekend? Caution is advised.
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 paying close attention to this feature.

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 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 one 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 an 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