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, and the uptrend that began last month continues.

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 at 9:30 PM,at 10:45 PM, the 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 price movements during U.S. trading hours to see if the Swiss franc, which has recovered against the yen, will hit a new high.