Will the market wait and see how much further 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.USD/JPY rose from 152.813 to 153.589. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price rebounded with support from the 75-period MA, and on the daily chart, we are seeing an upward move from the 10-period MA, which it had previously broken below. Furthermore, during today’s Asian session, the market 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.The price fell just below the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the candlesticks continued to fall toward the support line at the 75-period moving average (MA). On the daily chart, the price continues to move lower after rebounding from the +2σ line of the Bollinger Bands. Meanwhile, on the weekly chart, the pair is struggling to break above the resistance line at the 20-period moving average (MA).
Today’s economic indicators include remarks by RBA Deputy Governor Hauser at 8:30 a.m., the release of key opinions from the Bank of Japan’s Monetary Policy Meeting at 8:50 a.m., remarks by BOJ Board Member Nakagawa at 12:40 p.m., and at 2:00 p.m.,Japan’s Leading Economic Index and Coincident Economic Index at 12:40, 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.
Author: Keisuke Sakurai
