Should We Watch for Further Upside in the Swiss Franc, Which Has Rebounded Against the Yen?
27.11.2025
- Minutes 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 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, recovering from below the 200-period simple moving average (SMA) on the hourly chart. 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 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 (20MA) as a support level. Meanwhile, on the weekly chart, the pair is holding steady near its year-to-date highs.
Today's economic indicators include New Zealand's third-quarter retail sales at 6:45 and, at 9:00, New Zealand'sANZ Business Confidence at 9:30, Q3 Private Capital Expenditures in Australia at 9:30, remarks by Bank of Japan Board Member Noguchi at 10:30, the GermanGFK Consumer Confidence Survey at 16:00, the release of the minutes from the ECB Governing Council meeting at 21:30, Canada’s Q3 Current Account at 22:30, remarks by MPC member Green at 25:00, and New Zealand’s ANZ Consumer Confidence Index at 6:00 the following day.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.
