Attention may be turning to the downside potential of the Swiss franc, which has fallen against the yen

Attention may be turning to the downside potential of the Swiss franc, which has fallen against the yen

30.10.2025

In yesterday’s U.S. currency markets, the U.S. dollar rose against the euro following the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 0.25%.The EUR/USD pair fell from 1.1665 to 1.1578. On the hourly chart, it dropped from the +2σ to the -3σ Bollinger Band. On the 4-hour chart, the 200 EMA is acting as a resistance level, causing prices to decline, while on the daily chart, prices are currently being capped along the 20 MA. Note that the US dollar has weakened again during today’s Asian session, so we will be watching for directional cues during the European session.

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair dropped from 191.943 to 190.503. The price broke significantly below the 200-period SMA support line on the hourly chart.On the 4-hour chart, the price has already moved below the 20-MA, and on the daily chart, the uptrend along the 10-MA is beginning to break down. Furthermore, since the daily RSI has surged to 76, we will be watching closely to see if the current correction continues.

Today, around noon, the Bank of Japan (BOJ) will announce its policy rate and statement; at 3:30 PM, France will release its Q3 GDP and consumer spending figures, followed by a press conference with BOJ Governor Ueda; at 5:00 PM, Switzerland will release the KOF Leading Index; at 5:55 PM, Germany will release its unemployment rate; at 6:00 PM, Germany will release its Q3 GDP;at 7:00 PM, the Eurozone Q3 GDP; at 10:00 PM, Germany’s Consumer Price Index; at 10:15 PM, the ECB’s policy rate decision and statement; at 10:45 PM, ECB President Lagarde’s press conference; at 10:55 PM, remarks by Fed Vice Chair Bowman; and at 11:30 PM, U.S. weekly natural gas inventories.We will be watching for further downside potential in the Swiss franc against the yen.

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