Will the strong Swiss franc maintain its momentum, or should we wait and see?
16.02.2026
- Japan: Industrial Production
- Canada: Housing Starts
Last weekend, the Canadian dollar saw a seesaw battle 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 hitting resistance at the 200-period EMA on the hourly chart. On the 4-hour chart, the pair is forming a triangle consolidation pattern, with higher lows and lower highs 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 a.m., the UK’s Rightmove house prices at 9:01 a.m., Japan’s industrial production at 1:30 p.m., a meeting between Prime Minister Takaichi and Bank of Japan Governor Ueda at 5:00 p.m., and at 7:00 p.m., the Eurozone’sEU 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.
Author: Keisuke Sakurai
