Will the Swiss franc, which has fallen against the yen, continue its decline, or should we wait and see?

Will the Swiss franc, which has fallen against the yen, continue its decline, or should we wait and see?

27.02.2026

In the U.S. currency market yesterday, the dollar fell against the yen despite the fact that the number of new U.S. unemployment insurance claims, released yesterday, declined to 1.833 million from the previous figure of 1.869 million.The USD/JPY pair fell from 156.429 to 155.711, dropping from the 20-period moving average (MA) to the 75-period MA on the hourly chart. On the 4-hour chart, the pair failed to hold above the 200-period simple moving average (SMA) after breaking above it, indicating heavy resistance at higher levels. Meanwhile, on the daily chart, the move appears to be a correction from an uptrend; however, with a resistance zone looming overhead, traders should pay close attention to price action during U.S. trading hours.

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair dropped from 203.268 to 201.207. It fell from the +3σ to the -3σ levels on the hourly Bollinger Bands.On the 4-hour chart, the RSI has fallen sharply from 76 to 54, and on the daily chart, the pair attempted to reach an all-time high but was rejected and has since plummeted. However, on the weekly chart, the uptrend along the 10-day moving average continues, so we will be closely monitoring price movements during European trading hours.

Today’s economic indicators include: Japan’s Tokyo Consumer Price Index at 8:30, Japan’s Retail Sales and Department Store/Supermarket Sales at 8:50, Japan’s Industrial Production and Foreign/Domestic Securities Investment at 8:50, the UK’s GfK Consumer Confidence Survey at 9:01, Japan’s Housing Starts at 14:00, South Africa’s Trade Balance at 15:00,the Swiss KOF Leading Index at 5:00 PM, the German Consumer Price Index and remarks by UK MPC member Pill at 10:00 PM, the US Producer Price Index and Canadian Real GDP at 10:30 PM, the US Chicago PMI at 11:45 PM, and US Construction Spending at midnight.I’d like to wait and see if the Swiss franc, which has fallen against the yen, will continue to slide further.