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

Investors should watch for 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 from a 0.8% decline in the previous month to a 1.0% increase, and the core index also improved from a 1.2% decline to a 0.7% increase. The CAD/JPY pair rose from 108.500 to 109.219, with the rise tracking the 20-period moving average (MA) 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 an uptrend for the eighth consecutive day. However, on the monthly chart, the RSI is approaching a divergence at 72, so caution is advised regarding further upside momentum.

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 9:05 AM, German Manufacturing/Non-Manufacturing PMI at 5:00 PM, UK Manufacturing/Non-Manufacturing PMI at 5:30 PM, US Consumer Price Index at 9:30 PM, remarks by German Bundesbank President Nagel at 9:45 PM, US Manufacturing/Non-Manufacturing PMI at 10:45 PM, and the University of Michigan Consumer Sentiment Index at 11:00 PM.We should keep an eye on the upside potential of the Swiss franc, which has been hitting record highs day after day.