Will the market wait and see how much room the Swiss franc has to recover after weakening following the Japanese yen?

Will the market wait and see how much room the Swiss franc has to recover after weakening following the Japanese yen?

11.08.2025

Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 146.717 to 147.904, recovering from the -2σ to the +2σ levels on the hourly Bollinger Bands.On the 4-hour chart, the 200-SMA is acting as a support level, and the pair has rebounded. On the daily chart, the pair is currently searching for direction just below the 20-MA. Since the pair is trading above the 20-MA on the weekly chart, we should carefully monitor price movements at the start of the week.

Among European currencies, the Swiss franc weakened the most after the Japanese yen. The USD/CHF pair rose from 0.8051 to 0.8088. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price is finding support at the 200-period exponential moving average (EMA) while forming lower highs along the 20-period MA. On the daily chart, the price has been trading sideways at the same level for about a week.

Today’s economic indicators include the South African SACCI Business Confidence Index (time TBD), Germany’s Wholesale Price Index, and South Africa’s Manufacturing Production Index at 8:00 PM. No other major economic indicators or key speeches are scheduled in Europe or the U.S. Additionally, Japanese markets are closed today for the Mountain Day holiday. We will carefully monitor the Swiss franc, which has weakened alongside the Japanese yen, for any potential recovery.

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