Will the yen-franc pair, which has hit a record high, continue to rise? Caution is advised during European trading hours.
12.03.2026
- Remarks by U.S. Federal Reserve Vice Chair Bowman
- Canada: Housing Construction Permit
In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 157.855 to 158.983, moving in line with the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price 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-day moving average continues. The pair has formed a strong bullish candle, showing momentum that is approaching the year-to-date high.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 202.808 to 204.017. The uptrend along the 20-period moving average on the hourly chart continued.The 4-hour chart shows a similar price movement to the 1-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 the Japan Q1 Business Sentiment Index (BSI) at 8:50, the UK RICS House Price Index at 9:01, remarks by BOE Governor Bailey at 18:30, the announcement of the Turkish Central Bank’s (TCMB) policy rate and statement at 20:00, and Canada’strade balance, Canada’s wholesale sales, Canada’s housing permits, 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 EUR/JPY pair hitting record highs, we should watch for price movements during European trading hours to see if it continues to rise.
