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

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

27.02.2026

In the U.S. currency market yesterday, the U.S. 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 reading of 1.869 million. The USD/JPY pair fell from 156.429 to 155.711.The pair fell 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 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. Meanwhile, 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 the Japan Tokyo Consumer Price Index at 8:30, Japan Retail Sales and Japan Department Store/Supermarket Sales at 8:50, Japan Industrial Production at 8:50, and Japan Foreign/inward securities investment; at 9:01, the UK GfK Consumer Confidence Survey; at 14:00, Japan’s housing starts; at 15:00, South Africa’s trade balance; at 17:00, Switzerland’s KOF Leading Index; at 22:00, Germany’sConsumer Price Index, remarks by UK MPC member Pill; at 22:30, US Producer Price Index, Canada’s real GDP; at 23:45, US Chicago Purchasing Managers’ Index; and at 24:00, US construction spending.I’d like to wait and see if the Swiss franc, which has fallen against the yen, will test lower levels.