Should we keep an eye on whether the Swiss franc’s upward trend continues?

Should we keep an eye on whether the Swiss franc’s upward trend continues?

16.05.2025

In yesterday’s U.S. currency trading, the Canadian dollar fell against the yen after Canada’s March wholesale sales, released yesterday, declined to 0.2% from 0.3% the previous month. The CAD/JPY pair fell from 104.984 to 103.948, with the price decline tracking the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the pair is searching for direction just below the 200-period EMA, while on the daily chart, the pullback from the 200-period SMA has been continuing for three days.

Among European currencies, the Swiss franc made significant gains against the Japanese yen during the transition from European to U.S. trading hours. The USD/CHF pair fell from 0.8419 to 0.8346.On the hourly chart, the price has moved from above the 20-period moving average to below it. On the 4-hour chart, both the lows and highs have been declining, and on the daily chart, the price has pulled back after touching the +3σ line of the Bollinger Bands. We will be watching to see if the Swiss franc continues to strengthen during today’s U.S. trading session.

Today’s economic indicators include Japan’s preliminary real GDP at 8:50, New Zealand’s 2-year inflation expectations at 12:00, Japan’s industrial production at 13:30, and the Eurozone’strade balance, at 20:00, remarks by SNB Governor Schlegel of Switzerland, at 21:30, Canada’s international securities turnover, U.S. housing starts, and U.S. import price index, at 23:00, the University of Michigan Consumer Sentiment Index, and at 24:00, remarks by BOE Deputy Governor Lombardelli of the UK.We will carefully assess whether the Swiss franc, which has been strengthening, will continue its upward trend.

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