Should we keep an eye on the Swiss franc’s potential to rebound?

Should we keep an eye on the Swiss franc’s potential to rebound?

18.11.2024

Last weekend, the U.S. dollar weakened against the yen. The USD/JPY pair fell by about 3 yen, from 156.735 to 153.882. The price dropped to near the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, it fell just below the 75-period SMA, and on the daily chart, the RSI declined from 70 to 59. We will be watching price movements during U.S. trading hours to see if the dollar’s weakness continues.

The Swiss franc weakened against the yen after the Swiss October Producer Price Index (PPI), released on the 15th, deteriorated to -0.3% from -0.1% the previous month. The CHF/JPY pair fell from 175.993 to 173.617. The hourly RSI dropped from 63 to 22.On the daily chart, the pair has hit a new low for the month, and on the weekly chart, prices have fallen just below the 10-day moving average (10MA), so we will be watching closely to see if a rebound occurs at the start of the week.

Today’s economic indicators include Japan’s machinery orders at 8:50, the UK’s Rightmove house prices at 9:01, Thailand’s real GDP at 11:30, Switzerland’s industrial production at 16:30, Hong Kong’s employment statistics at 17:30, the Eurozone’strade balance, 10:00 PM Philippine CPI, 10:15 PM Canadian housing starts, 10:30 PM Canadian government bond turnover, 12:00 AM US NAHB Housing Market Index, 1:30 AM US 6-month Treasury bill auction, and 3:30 AM remarks by ECB President Lagarde. We will be watching for signs of a recovery in the falling Swiss franc.

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