Concerns Over Upside Potential for the Rising Swiss Franc?

Concerns Over Upside Potential for the Rising Swiss Franc?

27.06.2025

In the U.S. currency market the previous day, 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 straddled the 20-period moving average (MA), while on the daily chart, the price has broken below the 20-MA, which had previously provided temporary support. We will be watching closely to see if the tug-of-war between the Canadian dollar and the Japanese yen continues or if a clear direction emerges.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 179.602 to 180.677. The price extended from the -2σ to the +2σ levels of the hourly Bollinger Bands.On the 4-hour chart, the upward trend continues, supported by the 20-period moving average (MA), 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, Japan’s employment statistics and Tokyo Consumer Price Index will be released; at 8:50, Japan’s retail sales and department store/supermarket sales, at 15:00 UK Real GDP and UK Current Account, at 18:00 Eurozone Consumer Confidence Index and Eurozone Economic Sentiment Index, at 20:30 U.S. Williams:remarks by the President of the New York Fed, at 21:30: U.S. personal income, Canadian real GDP, and the U.S. PCE price index; at 22:15: remarks by U.S. Federal Reserve Governor Cook; and at 23:00: the U.S. University of Michigan Consumer Sentiment Index.We want to carefully assess the upside potential of the Swiss franc, which has been rising.