Market participants may be waiting to see how much further the Swiss franc will fall

Market participants may be waiting to see how much further the Swiss franc will fall

17.06.2025

In yesterday’s U.S. currency markets, the Canadian dollar rose against the yen. The CAD/JPY pair traded between 105.828 and 106.730. The pair rose, supported by the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the uptrend continues, and the price has reached the +2σ line of the Bollinger Bands.On the daily chart, the pair is currently attempting to break above the 200-day SMA resistance line. We will be watching closely to see if the Canadian dollar’s upward momentum continues.

Among European currencies, the Swiss franc weakened from European to U.S. trading hours. The CHF/JPY pair fell from 178.175 to 177.404. On the hourly chart, it dropped from the +3σ Bollinger Band to the centerline. Meanwhile, on the 4-hour chart, the uptrend along the 10-period moving average remains intact, and on the daily chart, the RSI has risen to just below 70, the overbought level.We will be watching closely to see if the Swiss franc’s upside is capped during today’s European trading session.

Today’s key economic indicators include the Bank of Japan’s policy rate decision and statement around noon, a press conference by BOJ Governor Ueda at 3:30 p.m., the German and Eurozone ZEW Economic Sentiment Indices at 6:00 p.m., Canadian International Securities Turnover at 9:30 p.m., U.S. Retail Sales at 9:30 p.m.,U.S. Import Price Index, at 10:15 PM U.S. Industrial Production, at 11:00 PM U.S. Business Inventories and the U.S. NAHB Housing Market Index, and at 7:45 AM the following day, New Zealand’s Current Account Balance. We intend to carefully monitor the downside potential of the weakening 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