Concerns Over Upside Potential for 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 the previous day, 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 has pulled back from the +2σ level of the Bollinger Bands. Similarly, on the daily chart, the price has pulled back from the +3σ level of the Bollinger Bands. The currency has now fallen for two consecutive days.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 185.970 to 187.047.The pair 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 hit 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’s policy rate announcement and statement around noon, and the UK’spublic sector net debt, Germany’s Producer Price Index, and the UK’s retail sales; at 15:30, BOJ Governor Ueda’s press conference; at 21:30, Canada’s retail sales; and at 27:30, remarks by the President of the San Francisco Fed.We should remain highly vigilant regarding the upside potential of the Swiss franc, which is hitting all-time highs.
