Market participants are likely keeping a close eye on the upside potential of the Swiss franc against the yen

Market participants are likely keeping a close eye on the upside potential of the Swiss franc against the yen

03.09.2025

In yesterday’s U.S. currency markets, 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-period SMA without stalling, and on the daily chart, the RSI rose from 48 to 60. The 20-period 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 rose from 183.652 to 185.126. An uptrend has formed along the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the candlesticks are moving upward along the 10-MA and have reached the +3σ Bollinger Band. On the daily chart, similar to the 4-hour chart, the 10-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 this strength persists 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.

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