Market Participants May Be Watching to See How Far the Weakening Swiss Franc Will Fall
17.06.2025
- U.S. Industrial Production
- Germany's ZEW Economic Sentiment Index
In U.S. currency trading yesterday, 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 pair has reached the +2σ level of the Bollinger Bands.On the daily chart, the pair is currently attempting to break above the 200-period simple moving average (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 trading hours through U.S. trading hours. The CHF/JPY pair fell from 178.175 to 177.404.It fell from the +3σ level of the hourly Bollinger Bands 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 economic indicators include the Bank of Japan’s policy rate 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.,at 9:30 p.m., U.S. retail sales and the U.S. import price index; at 10:15 p.m., U.S. industrial production; at 11:00 p.m., U.S. business inventories and the U.S. NAHB Housing Market Index; and at 7:45 a.m. the following day, New Zealand’s current account balance.We intend to carefully monitor the downside potential of the weakening Swiss franc.
