Will the franc-yen pair, which has hit a record high, continue to rise? Caution is advised during European trading hours.

Will the franc-yen pair, which has hit a record high, continue to rise? Caution is advised during European trading hours.

12.03.2026

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen. The USD/JPY pair climbed from 157.855 to 158.983, rising along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price has moved from below the 20-period MA to above it, pushing the RSI back up to 70. On the daily chart, the uptrend along the 10-period MA continues, with the pair forming a strong bullish candle that is approaching its year-to-date high.

Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair climbed from 202.808 to 204.017. The uptrend along the 20-period moving average on the hourly chart continued. The 4-hour chart showed a similar price movement, and the daily chart hit a new all-time high. Furthermore, during today’s Asian trading session, the pair reached a new high, touching 204.499.

Today’s key economic indicators include: Japan’s Q1 Business Sentiment Index (BSI) at 8:50, UK RICS House Price Index at 9:01, remarks by Bank of England Governor Bailey at 18:30, Turkey’s CBRT policy rate and statement at 20:00, Canada’s trade balance, wholesale sales, and housing permits at 21:30,U.S. Initial Jobless Claims, U.S. Trade Balance, U.S. Housing Starts, U.S. Building Permits, U.S. Weekly Natural Gas Inventories at 23:30, remarks by U.S. Federal Reserve Vice Chair Bowman at 24:00, and a U.S. 30-year Treasury auction at 26:00.With the CHF/JPY pair hitting record highs, we should watch for price movements during European trading hours to see if it continues to rise.

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