Will the Swiss franc, now at its weakest, fall further? Keep an eye on price movements during European trading hours.

Will the Swiss franc, now at its weakest, fall further? Keep an eye on price movements during European trading hours.

19.11.2025

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 figure of 1.947 million. The USD/JPY pair rose from 154.818 to 155.729.The price surged from the -2σ to the +3σ levels of the hourly Bollinger Bands. On the 4-hour chart, the uptrend along the 10-period moving average (10MA) 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 levels of the Bollinger Bands, and on the daily chart, the RSI7 has begun to reverse from 1. Meanwhile, on the weekly chart, the pair has reached the +3σ level of the Bollinger Bands, so it will be worth watching whether the Swiss franc’s weakness continues during today’s European trading session.

Today's economic indicators include the New Zealand Producer Price Index at 6:45, the Westpac Leading Index at 8:30, the Japan Trade Balance (customs-based) and Japan Machine Tool Orders at 8:30, the Australian Wage Index at 9:30, the UK Consumer Price Index at 16:00, and the Japan Trade Balance (customs-based) at 16:00.Westpac Leading Index at 8:30, Japan’s customs-based trade balance and machine tool orders at 8:50, Australia’s wage 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 19:00, the Eurozone Consumer Price Index; at 21:00, the U.S. MBA Mortgage Applications Index; at 24:00, remarks by U.S. Federal Reserve Governor Milan; at 27:00, the U.S. 20-year Treasury bond auction; and at 28:00, the release of the U.S. FOMC minutes.With the Swiss franc having hit a new low, we will be watching price movements closely during European trading hours to see if it continues to decline.