search

An incredible cashback rate!
40% of the spread!

Should We Keep an Eye on the Upside Potential of the Swiss Franc, Which Rebounded Sharply at the End of the Month?

Market Report

Should We Keep an Eye on the Upside Potential of the Swiss Franc, Which Rebounded Sharply at the End of the Month?

Today's Highlights
  1. UK Nationwide Home Prices
  2. U.S. ISM Manufacturing PMI

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen after the U.S. June PCE Deflator—released yesterday—showed year-over-year and month-over-month increases, including the core index. The USD/JPY pair rose from 148.592 to 150.842, with a sharp surge observed from the 20-period moving average on the hourly chart.On the 4-hour chart, a band walk along the +2σ line of the Bollinger Bands was observed, while on the daily chart, the RSI rose from 60 to 70. The pair broke above the key 150-yen level and set a new high for the month.

Among European currencies, the Swiss franc was the strongest during U.S. trading hours. The franc/yen pair rose from 182.657 to 185.695, rebounding sharply from the -3σ to the +2σ levels of the Bollinger Bands.On the 4-hour chart, the 200 SMA is acting as a support level, triggering a rebound, while on the daily chart, the candlesticks—which had been trading below the 20 MA—have swung back above it. We will be watching closely to see if the Swiss franc continues to rise during today’s U.S. trading hours.

Today’s economic indicators include Japan’s unemployment rate at 8:30, Australia’s second-quarter Producer Price Index at 10:30, the UK’s Nationwide House Price Index at 15:00, France’s Manufacturing PMI at 16:50, Germany’sManufacturing PMI, 17:00 Eurozone Manufacturing PMI, 17:30 UK Manufacturing PMI, 18:00 Eurozone Consumer Price Index, 21:30 U.S. Employment Report,U.S. Manufacturing PMI at 22:45, U.S. ISM Manufacturing Index, University of Michigan Consumer Sentiment Index, and U.S. Construction Spending at 23:00. We want to carefully assess the upside potential for the Swiss franc, which rebounded sharply at the end of the month.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings