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

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

23.09.2025

In the U.S. currency market the previous day, the U.S. dollar fell against the yen. The USD/JPY pair fell from 148.376 to 147.656.On the hourly chart, the price has 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, second only to the euro. The franc/yen pair rose from 185.748 to 186.523. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, prices are gradually forming higher highs just below the 20-period moving average (MA), while on the daily chart, the 10-period MA is acting as support, and the uptrend that began last month continues.

Today, at 16:30, Germany’s Manufacturing/Non-Manufacturing PMI; at 17:00, the Eurozone’s Manufacturing/Services PMI; and at 17:30, the UK’smanufacturing and services PMIs, at 6:00 PM UK MPC member Pill’s remarks, at 7:00 PM the UK CBI Business Survey, at 9:30 PM the U.S. current account balance, at 10:45 PM the U.S. PMI Purchasing Managers’ Index,22:00: Remarks by U.S. Federal Reserve Vice Chair Bowman; 23:00: Remarks by U.S. Atlanta Fed President Bostic; U.S. Richmond Fed Manufacturing Index; 25:35: Remarks by U.S. Federal Reserve Chair Powell.We should keep a close eye on price movements during U.S. trading hours to see if the Swiss franc, which has recovered against the yen, will hit a new high.