Concerns over the upside potential of the Swiss franc, which is hitting record highs

Concerns over the upside potential of the Swiss franc, which is hitting record highs

19.09.2025

In yesterday’s U.S. currency trading, 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 are currently seeing 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.

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