Concerns over the upside potential of the Swiss franc, which is hitting record highs
19.09.2025
- Japan: Consumer Price Index
- UK GfK Consumer Confidence Survey
In the U.S. currency market yesterday, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1849 to 1.1750. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price pulled back from the +2σ line of the Bollinger Bands, and on the daily chart, it similarly pulled back from the +3σ line of the Bollinger Bands. The pair has now fallen for two consecutive days.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 185.970 to 187.047. It rose while finding support at the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI has risen to 71, and on the daily chart, it has reached a new all-time high. We can observe a band walk along the +2σ line of the Bollinger Bands.
Today’s economic indicators include the UK GfK Consumer Confidence Survey at 8:01, Japan’s Consumer Price Index at 8:30, Japan’s Foreign and Domestic Securities Investment at 8:50, the BOJ policy rate and statement announcement around noon, UK Public Sector Net Lending, Germany’s Producer Price Index, and UK Retail Sales at 15:00,at 3:30 PM, the press conference by BOJ Governor Ueda; at 9:30 PM, Canadian Retail Sales; and at 3:30 AM, remarks by the President of the San Francisco Fed. We must remain highly vigilant regarding the upside potential of the Swiss franc, which is currently trading at record highs.
Author: Keisuke Sakurai
