Will the Swiss franc, which has recovered against the yen, hit a new high? Market participants are keeping a close eye on price movements.

Will the Swiss franc, which has recovered against the yen, hit a new high? Market participants are keeping a close eye on price movements.

23.09.2025

In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 148.376 to 147.656. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, after rising to the +2σ level of the Bollinger Bands, the price retested the 200-period simple moving average (SMA); on the daily chart, the price is currently facing resistance at the 200-period SMA.

Among European currencies, the Swiss franc showed strength following the euro. The CHF/JPY pair rose from 185.748 to 186.523. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price is gradually forming higher highs just below the 20-period MA, while on the daily chart, the 10-period MA is acting as support, indicating that the uptrend that began last month is continuing.

Today’s schedule includes the German Manufacturing/Non-Manufacturing PMI at 4:30 PM, the Eurozone Manufacturing/Services PMI at 5:00 PM, the UK Manufacturing/Services PMI at 5:30 PM, remarks by MPC member Pill at 6:00 PM, the UK CBI Business Survey at 7:00 PM, the U.S. Current Account Balance at 9:30 PM,at 10:45 PM: U.S. PMI Purchasing Managers' Index; at 10:00 PM: Remarks by U.S. Federal Reserve Vice Chair Bowman; at 11:00 PM: Remarks by U.S. Atlanta Fed President Bostic and the U.S. Richmond Fed Manufacturing Index; and at 1:35 AM: Remarks by U.S. Federal Reserve Chair Powell.We should watch for price movements during U.S. trading hours to see if the Swiss franc, which has recovered against the yen, will hit a new high.

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