Will the CHF/JPY pair, which fell despite the recovery in the PPI, show signs of a rebound? We will be watching closely.

Will the CHF/JPY pair, which fell despite the recovery in the PPI, show signs of a rebound? We will be watching closely.

16.07.2024

In yesterday’s U.S. currency trading, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 116.038 to 115.054. Its upside was capped by the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, it has broken below the 200-period simple moving average (SMA), and on the daily chart, it has halted its decline just short of the 75-period MA. We need to carefully assess whether the Canadian dollar will continue to weaken against the yen.

Despite the Swiss June Producer Price Index (PPI), released yesterday, improving to 0.0% from -0.3% the previous month, the Swiss franc fell against the yen. The CHF/JPY pair dropped from 176.857 to 175.863. The 20-period moving average on the hourly chart acted as resistance.On the 4-hour chart, the pair is hovering just below the 200-period SMA, and a rebound has been observed during today’s Asian trading session.

Today’s economic indicators include Japan’s Tertiary Industry Activity Index at 1:30 p.m., France’s Current Account Balance at 3:45 p.m., Germany’s ZEW Economic Sentiment Survey and the Eurozone’s ZEW Economic Sentiment Survey and Trade Balance at 6:00 p.m.,at 21:15: Canada’s Housing Starts; at 21:30: Canada’s Consumer Price Index, U.S. Retail Sales, and U.S. Import Price Index; at 23:00: U.S. Business Inventories and U.S. NAHB Housing Market Index; at 27:45: Remarks by U.S. Federal Reserve Governor Kuehgl; and at 7:45 the following day: New Zealand’s Q2 Consumer Price Index.We will be watching closely to see if the CHF/JPY pair, which fell despite the recovery in the PPI, will show any signs of a rebound.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   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

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   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?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed