Will the Franc-Yen Pair, Which Has Hit a Record High, Continue to Rise? Caution Over Its Direction

Will the Franc-Yen Pair, Which Has Hit a Record High, Continue to Rise? Caution Over Its Direction

22.12.2025

Last weekend, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 155.520 to 157.756, following a steep uptrend along the 10-period moving average on the hourly chart.On the 4-hour chart, the price has reached the +3σ level of the Bollinger Bands, and on the daily chart, the RSI has surged from 47 to 62. The candlesticks are approaching the range of the year-to-date high set in January.

Among European currencies, the Swiss franc surged against the yen. The CHF/JPY pair rose from 195.465 to 198.287. An uptrend developed along the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI surged from 40 to 82 and reached the +3σ level of the Bollinger Bands.On the daily chart, the RSI also reached 70, setting a new all-time high. Meanwhile, on the monthly chart, the RSI is showing divergence.

Today’s economic indicators include the UK’s third-quarter real GDP and current account balance at 16:00,at 22:30: Canada’s Industrial Product Prices and Raw Materials Price Index, and the U.S. Chicago Fed National Activity Index; and at 27:00: the U.S. 2-year Treasury auction.No other notable economic indicators or remarks by key officials are scheduled. With the CHF/JPY pair having hit a record high, we need to remain vigilant regarding its direction to see if it will continue to rise.