Should we watch for a rebound in the Swiss franc, which has been facing resistance at higher levels?

Should we watch for a rebound in the Swiss franc, which has been facing resistance at higher levels?

14.02.2025

In yesterday’s U.S. currency trading, the Canadian dollar edged lower against the yen. The CAD/JPY pair fell from 108.309 to 107.358. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the 200-period simple moving average (SMA) is acting as resistance, while on the daily chart, the 75-period MA is functioning as a resistance zone. We will be watching to see if the Canadian dollar’s weakness against the yen continues.

European currencies fell as the Swiss franc weakened against the yen following yesterday’s release of Switzerland’s January Consumer Price Index (CPI), which showed a year-on-year decline of 0.4%, down 0.2 percentage points from the previous month’s 0.6%. The CHF/JPY pair fell from 169.746 to 168.756, breaking the uptrend along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the RSI has pulled back after touching 70, and on the daily chart, the price has reversed direction at the 20-day moving average.

Today’s schedule includes Japan’s domestic and foreign securities investment at 8:50, Singapore’s real GDP at 9:00, India’s wholesale price index at 15:30, Germany’s wholesale price index at 16:00, Switzerland’s producer import prices at 16:30, the Eurozone’s real GDP at 19:00,at 7:30 PM: Russia’s key interest rates; at 10:30 PM: Canada’s manufacturing sales, U.S. retail sales, and U.S. import price index; at 11:15 PM: U.S. industrial production; at 1:00 AM: Russia’s consumer price index; and at 5:00 AM: remarks by Logan, President of the Dallas Federal Reserve. We will be watching for any rebound in the Swiss franc, which has been facing resistance on the upside.

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