Attention is turning to the upside potential of the Swiss franc, which has risen against the yen

Attention is turning to the upside potential of the Swiss franc, which has risen against the yen

10.03.2025

Last weekend, the Canadian dollar weakened immediately following the release of Canada’s February employment report on the 7th, as the unemployment rate remained unchanged from the previous month at 6.6% and the number of employed persons fell sharply from 76,000 to 11,000. The CAD/JPY pair fell from 103.641 to 101.923. It encountered resistance at the 75-period moving average on the hourly chart and reversed lower.On the 4-hour chart, the price has shifted from above the 20-period moving average to below it, while on the daily chart, the downtrend along the 10-period moving average continues.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 167.140 to 168.351, moving in line with the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair has been gradually forming higher lows, and on the daily chart, it has moved above the 20-period MA. The RSI has recovered to around 50. We will be watching to see if the Swiss franc maintains its momentum and continues to rise against the yen.

Today’s economic indicators include Japan’s Labor Force Survey at 8:30 a.m., Japan’s Balance of Payments at 8:50 a.m., Japan’s Leading Economic Index at 2:00 p.m., Japan’s Economic Watchers Survey at 3:00 p.m., Germany’s Industrial Production and Trade Balance at 4:00 p.m., remarks by German Bundesbank President Nagel at 10:00 p.m., and New Zealand’s Manufacturing Activity at 6:45 a.m. the following day.We will be watching for upside potential in the Swiss franc, which has risen against the yen.

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