Should We Keep an Eye on the Upside Potential of the Swiss Franc, Which Has Risen Against the Yen?

Should We Keep an Eye on the Upside Potential of the Swiss Franc, Which Has Risen Against the Yen?

03.09.2025

In the U.S. currency market the previous day, the Canadian dollar was the second-strongest currency after the U.S. dollar. The CAD/JPY pair rose from 106.925 to 107.952.The price rose along the +2σ line of the hourly Bollinger Bands. On the 4-hour chart, the price broke above the upper resistance zone formed by the 200 SMA without stalling, and on the daily chart, the RSI rose from 48 to 60. The 20-period moving average is acting as support, and the price is currently trending upward.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 183.652 to 185.126. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the candlesticks are moving upward along the 10-period MA and have reached the +3σ Bollinger Band.On the daily chart, as on the 4-hour chart, the 10-period MA is acting as a support level, forming a trend. Furthermore, as the Swiss franc remains firm during today’s Asian trading session, we will be closely monitoring whether its strength holds through the U.S. trading session.

Today’s schedule includes Australia’s second-quarter real GDP at 10:30, remarks by ECB President Lagarde at 16:30, Germany’s non-manufacturing PMI at 16:55, the Eurozone’s services PMI at 17:00,remarks by RBA Governor Block, at 17:30 UK Services PMI, at 18:00 Eurozone Producer Price Index, at 19:00 South Africa BER Business Confidence Index, at 20:00 U.S. MBA Mortgage Applications Index, at 21:30 Canada Labor Productivity,at 22:00, remarks by U.S. St. Louis Fed President Musalem; at 23:00, U.S. new manufacturing orders, U.S. JOLTS job openings, and U.S. durable goods orders; and at 27:00, the U.S. Federal Reserve Beige Book.We want to carefully assess the upside potential for the Swiss franc, which has risen against the yen.