Concerns Over Upside Potential for the Rising Swiss Franc

Concerns Over Upside Potential for the Rising Swiss Franc

27.06.2025

In yesterday's U.S. currency trading, the Canadian dollar saw a seesaw battle 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 fluctuating around the 20-day moving average (MA), while on the daily chart, the price has broken below the 20-day MA, which had been providing temporary support. We will be watching 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 climbed from 179.602 to 180.677. On the hourly chart, the price moved 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 potential upside risks 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, the 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, Federal Reserve Governor; and at 11:00 PM, the University of Michigan Consumer Sentiment Index.We want to carefully assess the upside potential of the Swiss franc, which has been rising.