Market participants are keeping a close eye on the upside potential of the Swiss franc, which has risen against the yen
03.09.2025
- Canada: Labor Productivity
- UK Services PMI
In yesterday's U.S. currency market, 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-MA 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 climbed 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 trending upward along the 10-period moving average (MA) and have reached the +3σ Bollinger Band. On the daily chart, similar to the 4-hour chart, the 10-period MA is acting as a support line, forming a trend. Furthermore, as the Swiss franc remains firm during today’s Asian trading session, we will closely monitor whether its strength holds through the U.S. trading session.
Today’s schedule includes: Australia’s Q2 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 and remarks by RBA Governor Block at 17:00, the UK’s services PMI at 17:30, and the Eurozone’sProducer Price Index, 7:00 PM South Africa’s BER Business Confidence Index, 8:00 PM U.S. MBA Mortgage Applications, 9:30 PM Canada’s Labor Productivity, 10:00 PM U.S. Musalem:St. Louis Fed President, 23:00 US Manufacturing New Orders, US JOLTS Job Openings, US Durable Goods Orders, and 27:00 US Federal Reserve Beige Book. We want to carefully assess the upside potential for the Swiss franc, which has risen against the yen.
Author: Keisuke Sakurai
