search

An incredible cashback rate!
40% of the spread!

Join Now

Should we wait and see how the CHF/JPY pair performs as it continues to hit new highs?

Market Report

  1. homeHOME
  2. Market Report
  3. Should we wait and see how the CHF/JPY pair performs as it continues to hit new highs?

Should we wait and see how the CHF/JPY pair performs as it continues to hit new highs?

03.08.2023

Today's Highlights
  1. U.S. Services PMI
  2. U.S. - Birkin: Remarks by the President of the Richmond Federal Reserve Bank

In the previous day’s U.S. currency trading, the U.S. dollar emerged as the strongest currency after the July ADP employment report, released during U.S. trading hours, showed a figure of 324,000—significantly exceeding the market forecast of 189,000.The USD/JPY pair fell from 143.332 to 142.227 before rebounding to 143.489.During today’s Asian trading session, the pair broke through yesterday’s high, touching 143.891. With key economic indicators—such as initial jobless claims—scheduled for release later today, traders should keep a close eye on the U.S. dollar’s price movements during U.S. trading hours.

European currencies saw the Swiss franc weaken against the yen after yesterday’s Swiss Purchasing Managers’ Index (PMI) results showed a decline to 38.5 from 44.9 the previous month. The franc-yen exchange rate fell from 164.034 to 162.101.The pair broke significantly below the 20-period moving average (MA) on the 4-hour chart. However, the yen has been weakening again during today’s Asian trading session and has already broken through the key 163-yen level, so we will need to carefully assess the currency’s strength and weakness during European trading hours.

Today’s schedule includes Germany’s trade balance at 15:00, Switzerland’s Consumer Price Index at 15:30, Turkey’s Consumer Price Index and Producer Price Index at 16:00, the UK’s Services PMI at 17:30, and at 20:00, the UK’sBOE policy rate and statement, at 8:30 p.m. UK BOE Governor Bailey’s press conference and U.S. Challenger layoff announcements, at 9:30 p.m. U.S. initial jobless claims, U.S. second-quarter nonfarm labor productivity, U.S. Birkin:Remarks by Richmond Fed President Barkin; at 22:45, U.S. Services PMI; at 23:00, U.S. ISM Non-Manufacturing Index; and at 23:30, U.S. weekly natural gas inventories are scheduled. We will be closely monitoring the movement of the yen against the dollar, which continues to hit new highs.

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 Swiss franc reach a new high against the yen?

Next Article

Market Participants May Be Wary of Further Downside in the EUR/JPY Pair Amid a Trend Toward a Stronger Yen
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 an explanation 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