Should We Be Wary of the Upside Potential for the Swiss Franc, Which Has Been Setting New All-Time Highs Day After Day?
24.10.2025
- Japan: National Consumer Price Index
- U.S. Consumer Price Index
In U.S. currency trading yesterday, 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. The rise followed the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, an uptrend is developing along the 10-period MA, and on the daily chart, the pair 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 on the daily chart, the pair has risen for eight consecutive days. However, on the monthly chart, the RSI is approaching a divergence at 72, so caution is advised when chasing higher prices.
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,at 3:45 PM, the French Consumer Confidence Index; at 4:15 PM, the French 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 21:30 the U.S. Consumer Price Index, at 21:45 remarks by German Bundesbank President Nagel, at 22:45 the U.S. Manufacturing/Non-Manufacturing PMI, and at 23:00 the U.S. University of Michigan Consumer Sentiment Index.Investors should watch for further upside potential in the Swiss franc, which has been hitting new all-time highs day after day.
