Will Market Participants Wait and See How Far the Swiss Franc Can Rise Against the U.S. Dollar?
10.11.2025
- U.S. 3-Year Treasury Auction
- Remarks by Bank of Japan Board Member Nakagawa
Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair rose from 152.813 to 153.589. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the pair has rebounded with support from the 75-period moving average (MA), and on the daily chart, it is rising after having broken below the 10-period MA. Furthermore, during today’s Asian trading session, the pair opened with a gap up of about 20 pips, indicating a continuation of the upward trend.
Among European currencies, the Swiss franc rose against the U.S. dollar. The USD/CHF pair fell from 0.8084 to 0.8032, dropping to just below the 200-period SMA on the hourly chart. On the 4-hour chart, candlesticks continued to fall toward the support line formed by the 75-period MA.On the daily chart, the price continues to pull back from the +2σ level of the Bollinger Bands. Meanwhile, on the weekly chart, the pair is struggling to break above the 20-day moving average resistance line.
Today’s key events include remarks by RBA Deputy Governor Hauser at 8:30, the release of key opinions from the Bank of Japan’s Monetary Policy Meeting at 8:50, remarks by BOJ Board Member Nakagawa at 12:40, and at 14:00,Japan’s Leading Economic Index and Coincident Economic Index, at 14:00; remarks by UK BOE Deputy Governor Lombardelli at 18:00; and a U.S. 3-year Treasury auction at 27:00. We intend to cautiously monitor the upside potential of the Swiss franc, which has risen against the U.S. dollar.
