search

Compatible with MT4/MT5!
Easy trading on the go

Install Now

Should we keep an eye on the direction of the franc-yen exchange rate, which has hit a 43-year high?

Market Report

  1. homeHOME
  2. Market Report
  3. Should we keep an eye on the direction of the franc-yen exchange rate, which has hit a 43-year high?

Should we keep an eye on the direction of the franc-yen exchange rate, which has hit a 43-year high?

02.05.2023

Today's Highlights
  1. Swiss Manufacturing PMI
  2. U.S. JOLTS Job Openings

The U.S. dollar rose against the yen yesterday, even though the U.S. April PMI (Purchasing Managers' Index) released yesterday came in at 50.2—0.2 points below the market forecast of 50.4. The USD/JPY pair rose by approximately 1.4 yen, from 136.134 to 137.574, reaching the 137-yen level for the first time since March 8 of this year.Since USD/JPY is currently moving from the lower boundary to the upper boundary of its daily uptrend line, we will closely monitor whether the pair will reach the upper boundary of the trend line in the 139-yen range.

Among European currencies, the Swiss franc is rising against the yen, with CHF/JPY touching 153.694. CHF/JPY has reached a 43-year high, and if it breaks above the 159 yen level, the upside will be unlimited.However, the daily RSI has already exceeded 70 and stands at 75.4, and the weekly RSI is showing divergence around the 70 level. We need to carefully assess whether the franc will continue to rise against the yen as expected.

Today, at 3:00 PM, UK Nationwide House Prices and German Retail Sales will be released,at 4:30 PM, Swiss Manufacturing PMI; at 5:30 PM, UK Manufacturing PMI; at 6:00 PM, Eurozone Consumer Price Index; at 8:20 PM, remarks by RBA Governor Lowe; at 11:00 PM, US Factory Orders and US JOLTS Job Openings; and at 6:00 AM the following day, the release of the RBNZ Financial Stability Report.I intend to carefully monitor the direction of the CHF/JPY pair, which has reached a 43-year high.

桜井 慶介

Author: Keisuke Sakurai

I have over 10 years of experience in FX trading. In the financial sector, I have focused primarily on foreign exchange trading and have also worked as an investment advisor. Drawing on my extensive experience, I specialize in technical and fundamental analysis.

Previous post

Will the market wait and see how the euro moves while European markets are closed?

Next Article

With the ECB meeting coming up in two days, all eyes are on the euro’s direction as it shows resilience on the downside

High Leverage at Exness!

Top-tier specs for experienced traders

Open Live Account
Legal, Risk Warning & Restricted Areas

Risk Warning

CFDs are leveraged products and carry a high level of risk. They may not be suitable for all investors. The value of investments may rise or fall, and you may lose all of your invested capital. Exness shall not be liable under any circumstances for any direct or indirect losses or damages incurred by individuals or entities trading CFDs.Read more

  1. Legal Documents
  2. Risk Disclosure
  3. Preventing Money Laundering
  4. Privacy Policy
Exness
This website (Exness New Account Opening Promotion) is operated by FXPLUS LLC and is not owned or managed by Exness. FXPLUS LLC runs this campaign on behalf of Exness.

Information provider: FXPLUS LLC

Address: Georgia, Tbilisi, Krtsanisi district, Nino and Ilia Nakashidze St., N 1, (Avlevi block), flat N3, building N3

Company number: 404695255

  1. Operating Company
  2. Terms of Use
  3. Privacy Policy
  4. Copyright

Copyright(c) 2010-2026 FXplus. All rights reserved.

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 to Home Screen" 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 are 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" 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
US Dollar/Japanese Yen
Gold/US Dollar
Bitcoin/US Dollar
US Dollar/Japanese Yen
Gold/US Dollar
Bitcoin/US Dollar
Close
Click here for a description of each notification
arrow Return to Notification Settings
close
Details of each notification
line Receive key indicators 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 Receive a round number notification

A feature that sends notifications when a price reaches a round number. These notifications help traders identify trading opportunities and manage risk, making them a popular tool among many traders.

polygon US Dollar/Japanese Yen

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

polygon Gold/US Dollar

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).

polygon Bitcoin/US Dollar

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

line Receive notifications of sudden price fluctuations (sharp rises or falls in exchange rates)

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

polygon US Dollar/Japanese Yen

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

polygon Gold/US Dollar

You will receive a notification when the price fluctuates by more than $20 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 Bitcoin/US Dollar

You will receive a notification when the price fluctuates by more than $2,000 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.

Return to Notification Settings