Concerns over the upside potential of the rising Swiss franc

Concerns over the upside potential of the rising Swiss franc

27.06.2025

In yesterday’s U.S. currency trading, the Canadian dollar saw a back-and-forth movement against the yen. The CAD/JPY pair traded between 105.029 and 105.998. It moved within the range of the hourly Bollinger Bands, from -2σ to +2σ.On the 4-hour chart, price action was seen crossing the 20-day moving average (MA), while on the daily chart, it has broken below the 20-day MA, which had been providing temporary support. We will be watching for a clear directional trend to see if the tug-of-war between the Canadian dollar and the Japanese yen continues.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 179.602 to 180.677. On the hourly chart, the price extended from the -2σ to the +2σ Bollinger Bands. On the 4-hour chart, the upward trend continues, supported by the 20-period moving average, while on the daily chart, the RSI has surged to 73. We will need to watch for upside potential to see if the Swiss franc maintains its momentum during today’s European trading session.

Today, at 8:30 AM, Japan’s employment statistics and Tokyo Consumer Price Index will be released; at 8:50 AM, Japan’s retail sales and department store/supermarket sales figures will be released; at 3:00 PM, the UK’s real GDP and current account balance will be released;at 6:00 PM: Eurozone Consumer Confidence Index and Eurozone Economic Sentiment Index; at 8:30 PM: Remarks by Williams, President of the New York Fed; at 9:30 PM: U.S. Personal Income, Canadian Real GDP, and U.S. PCE Price Index; at 10:15 PM: Remarks by Cook, Member of the Federal Reserve Board; and at 11:00 PM: U.S. University of Michigan Consumer Sentiment Index.We want to carefully assess the upside potential of the Swiss franc, which has been rising.

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