Watch for the Swiss franc’s upside potential after rebounding against the yen
27.11.2025
- Europe: ECB Governing Council Meeting Minutes 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 U.S. unemployment insurance claims—released yesterday—came in at 1.960 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, showing a recovery 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 MA is acting as support, and on the daily chart, the pair has rebounded from the 10-period MA.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 193.058 to 194.585. The candlesticks have recovered to just below the 200-period SMA on the hourly chart.On the 4-hour chart, the pair has moved from the -2σ to the +2σ Bollinger Bands, and on the daily chart, it is rebounding off the 20-day moving average (20MA) as a support level. Meanwhile, on the weekly chart, the pair remains near its year-to-date highs.
Today's economic indicators include New Zealand's third-quarter retail sales at 6:45 a.m., New Zealand'sANZ Business Confidence, at 9:30 AM: Australia’s Q3 Private Capital Expenditures, at 10:30 AM: Japan—Remarks by Bank of Japan Board Member Noguchi, at 4:00 PM: Germany’sGFK Consumer Confidence Survey, at 21:30: Eurozone ECB Governing Council Meeting Minutes, at 22:30: Canada’s Q3 Current Account Balance, at 25:00: UK MPC Member Green’s remarks, and at 6:00 the following day: New Zealand’s ANZ Consumer Confidence Index.Please note that U.S. markets are closed today due to a holiday. Keep an eye on the upside potential of the Swiss franc, which has rebounded against the yen.
