Watch for the Swiss franc's upside potential after rebounding against the yen
27.11.2025
- Summary of the ECB Governing Council Meeting Released
- New Zealand: Third-Quarter Retail Sales
In the U.S. currency market yesterday, the U.S. dollar rebounded against the yen after the number of new unemployment insurance claims—released yesterday—came in at 1.96 million, down from the previous reading of 1.974 million and below market expectations. The USD/JPY pair rose from 155.645 to 156.727, recovering from the 200-period simple moving average (SMA) on the hourly chart, which it had been trading below.On the 4-hour chart, the 75-period moving average (MA) is functioning as a support level, and on the daily chart, a rebound from the 10-period MA has occurred.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 193.058 to 194.585. The candlestick has recovered to just below the 200-period SMA on the hourly chart.On the 4-hour chart, the price has moved from the -2σ to the +2σ Bollinger Bands, and on the daily chart, the price is rebounding off the 20-day moving average (MA) as a support level. Meanwhile, on the weekly chart, the price remains near its year-to-date highs.
Today’s economic indicators include New Zealand’s Q3 retail sales at 6:45, the ANZ Business Confidence Survey at 9:00, Australia’s Q3 private sector capital expenditure at 9:30, remarks by Bank of Japan Board Member Noguchi at 10:30, and Germany’sGFK Consumer Confidence Survey at 4:00 PM, the release of the ECB Meeting Minutes at 9:30 PM, Canada’s Q3 Current Account at 10:30 PM, remarks by MPC member Green at 1:00 AM, and the ANZ Consumer Confidence Index for New Zealand at 6:00 AM the following day. Please note that U.S. markets are closed today for a holiday. Keep an eye on the upside potential of the Swiss franc, which has rebounded against the yen.
Author: Keisuke Sakurai
