Investors should be wary of the upside potential of the Swiss franc, which has been hitting record highs day after day

Investors should be wary of the upside potential of the Swiss franc, which has been hitting record highs day after day

24.10.2025

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen after Canada’s August retail sales figures, released yesterday, improved to +1.0% from -0.8% the previous month, and the core index also improved to +0.7% from -1.2% the previous month. The CAD/JPY pair rose from 108.500 to 109.219, showing an upward trend along the 20-period moving average on the hourly chart.On the 4-hour chart, an uptrend is developing along the 10-period moving average, and on the daily chart, the currency has been rising for five consecutive trading days.

Among European currencies, the Swiss franc strengthened against the yen. The CHF/JPY pair rose from 190.772 to 192.086. An uptrend was observed along the 20-period moving average on the hourly chart.On the 4-hour chart, a band walk along the +2σ line of the Bollinger Bands was confirmed, and the daily chart shows eight consecutive days of gains. However, on the monthly chart, the RSI is approaching a divergence at 72, so caution is advised regarding further upside.

Today’s schedule includes the UK GfK Consumer Confidence Survey at 8:01, Japan’s National Consumer Price Index at 8:30, remarks by RBA Governor Block at 9:05, Japan’s Leading Economic Index at 14:00, UK Retail Sales at 15:00, France’s Consumer Confidence Index at 15:45, and France’s Manufacturing/Non-Manufacturing PMI, at 5:00 PM the German Manufacturing/Non-Manufacturing PMI, at 5:30 PM the UK Manufacturing/Non-Manufacturing PMI, at 9:30 PM the US Consumer Price Index, at 9:45 PM remarks by German Bundesbank President Nagel, at 10:45 PM the US Manufacturing/Non-Manufacturing PMI, and at 11:00 PM the University of Michigan Consumer Sentiment Index.We should keep an eye on the upside potential of the Swiss franc, which has been hitting record highs day after day.

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