Will the franc-yen pair, which has hit a record high, continue to rise? Caution is advised regarding its direction.

Will the franc-yen pair, which has hit a record high, continue to rise? Caution is advised regarding 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, forming a steep uptrend along the 10-period moving average on the hourly chart. On the 4-hour chart, the price reached the +3σ level of the Bollinger Bands, while on the daily chart, the RSI surged from 47 to 62. The candlesticks are now approaching the range of this year’s January highs.

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, marking a new all-time high. Meanwhile, on the monthly chart, the RSI is showing divergence.

Today’s economic indicators include the UK’s Q3 real GDP and current account balance at 4:00 PM, Canada’s industrial product prices and raw material price index at 10:30 PM, and the Chicago Fed National Activity Index at 11:00 PM, followed by the U.S. 2-year Treasury auction at 3:00 AM.No other notable economic indicators or key speeches are scheduled. With the CHF/JPY pair having hit a record high, we should remain vigilant regarding its direction and whether it will extend its gains.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed