Will the strong Swiss franc maintain its momentum, or should we wait and see?

Will the strong Swiss franc maintain its momentum, or should we wait and see?

16.02.2026

Last weekend, the Canadian dollar saw mixed trading against the yen. The CAD/JPY pair traded between 112.055 and 112.963, continuing to fluctuate around the 20-period moving average on the hourly chart.On the 4-hour chart, the pair is beginning to break free from the downtrend along the -2σ Bollinger Band, and on the daily chart, the RSI is reversing near the 38 level. Furthermore, during today’s Asian session, the pair has already rebounded by approximately 60 pips.

Among European currencies, the Swiss franc strengthened following the pound. The USD/CHF pair fell from 0.7717 to 0.768. It reversed lower after being capped by the 200-period EMA on the hourly chart. On the 4-hour chart, prices are forming a triangle consolidation pattern, with highs declining and lows rising just below the 20-period MA. Since the daily chart also lacks direction, similar to the 4-hour chart, we will be closely monitoring price movements during U.S. trading hours.

Today’s economic indicators include Japan’s real GDP and GDP deflator at 8:50, the UK’s Rightmove house prices at 9:01, Japan’s industrial production at 13:30, a meeting between Prime Minister Takaichi and Bank of Japan Governor Ueda at 17:00, and at 19:00,EU Industrial Production, at 22:15: Canada Housing Starts and remarks by U.S. Federal Reserve Vice Chair Bowman, at 22:30: Canada Manufacturing Sales, and at 26:40: remarks by German Bundesbank President Nagel. I’d like to wait and see if the firm Swiss franc can maintain its strength.

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