With the Swiss franc at its weakest, will it fall further? Keep an eye on price movements during European trading hours.
19.11.2025
- Japan's Trade Balance (on a customs-cleared basis)
- UK Consumer Price Index
In the U.S. currency market yesterday, the U.S. dollar rose against the yen despite the fact that the number of continuing unemployment insurance claims, released yesterday, rose to 1.957 million from the previous reading of 1.947 million. The USD/JPY pair rose from 154.818 to 155.729. It surged from the -2σ to the +3σ levels on the hourly Bollinger Bands.On the 4-hour chart, the uptrend along the 10-day moving average continues. On the daily chart, the price has already reached the +2σ level of the Bollinger Bands and is approaching the highest levels seen since early February of this year.
Among European currencies, the Swiss franc was the weakest during U.S. trading hours. The CHF/JPY pair fell while other yen crosses rose, dropping from 195.397 to 194.291.On the 4-hour chart, the pair has fallen from the +2σ to the -2σ Bollinger Band. On the daily chart, the RSI7 has begun to reverse from 1. Furthermore, on the weekly chart, the pair has reached the +3σ Bollinger Band, so we will be watching to see if the Swiss franc continues to weaken during today’s European trading session.
Today’s economic indicators include: New Zealand’s Producer Price Index at 6:45, Australia’s Westpac Leading Index at 8:30, Japan’s customs-based trade balance and machine tool orders at 8:50, Australia’s Wage Price Index at 9:30, the UK’s Consumer Price Index, Retail Price Index, and Producer Price Index at 16:00, the Eurozone’s current account balance at 18:00,at 7:00 PM: Eurozone CPI, at 9:00 PM: US MBA Mortgage Applications, at 12:00 AM: Remarks by Fed Governor Milan, at 3:00 AM: US 20-Year Treasury Auction, and at 4:00 AM: Release of the FOMC Minutes. With the Swiss franc having weakened the most, we will be watching price movements during European trading hours to see if it continues to decline.
Author: Keisuke Sakurai
