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

Will the yen-franc 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 markets, 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. Similar price action was observed on the 4-hour chart, and the daily chart has reached a new all-time high. Furthermore, during today’s Asian trading session, the pair hit a new high, touching 204.499.

Today’s 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, the Central Bank of Turkey’s (TCMB) policy rate decision and statement at 20:00, Canada’s trade balance, wholesale sales, and housing permits at 21:30,US Initial Jobless Claims, US Trade Balance, US Housing Starts, US Building Permits, US Weekly Natural Gas Inventories at 23:30, remarks by US Federal Reserve Vice Chair Bowman at 24:00, and a US 30-year Treasury auction at 26:00.With the EUR/JPY pair hitting record highs, we need to watch for price movements during European trading hours to see if it will extend its gains.