Should we wait and see how the Swiss franc performs, given its limited upside potential?

Should we wait and see how the Swiss franc performs, given its limited upside potential?

27.02.2025

In the previous session, the U.S. dollar saw a seesawing trend against the yen. The USD/JPY pair traded between 148.630 and 149.878, with price action fluctuating around the 20-period moving average on the hourly chart.On the 4-hour chart, the pair rebounded from the -2σ level of the Bollinger Bands, and the daily chart is showing similar price action to the 4-hour chart. We will need to watch for economic data releases and comments from key officials to see if any distinctive price movements emerge during U.S. trading hours.

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair traded between 167.395 and 166.338. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, price action suggests the market is searching for direction just below the 20-period MA, while on the daily chart, the downtrend continues as the price faces resistance at the 10-period MA.We will keep a close eye on whether the Swiss franc continues to weaken during European trading hours.

Today’s schedule includes the New Zealand ANZ Business Confidence Index at 9:00, Turkey’s trade balance at 16:00, France’s Producer Price Index at 16:45, Switzerland’s real GDP at 17:00, the Eurozone’s money supply at 18:00, South Africa’s Producer Price Index at 18:30, the Eurozone’s Consumer Confidence Index at 19:00, the Eurozone’sEconomic Sentiment Index, Mexico’s trade balance and Brazil’s employment statistics at 9:00 PM, U.S. initial jobless claims, Canada’s current account balance, U.S. real GDP, and U.S. durable goods orders at 10:30 PM, and remarks by U.S. Federal Reserve Vice Chair Bar and U.S. existing home sales at midnight. We will closely monitor the Swiss franc, whose upside appears limited.

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