Will the Swiss franc, which has fallen against the yen, recover? Or should we wait and see which direction it takes?

Will the Swiss franc, which has fallen against the yen, recover? Or should we wait and see which direction it takes?

24.03.2026

In the U.S. currency market yesterday, the dollar fell against the yen. The USD/JPY pair dropped from 159.657 to 158.011, declining along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price has moved from above the 20-period MA to below it, falling to just below the 75-period MA. On the daily chart, while the price is barely finding support at the 20-period MA, it continues to make lower highs.

Among European currencies, the Swiss franc fell against the yen. The CHF/JPY pair dropped from 202.454 to 200.567. It rebounded after hitting resistance at the 200-period SMA on the hourly chart.On the 4-hour chart, the price is moving from above the 20-period moving average (MA) to below it within a zone where short- and long-term MAs are clustered, while on the daily chart, it is holding firm just below the 20-period MA. Furthermore, on the weekly chart, the uptrend along the 10-period MA has continued since February of last year; therefore, we should remain cautious of upward pressure until the price falls below the 20-period MA on the weekly chart.

Today’s economic indicators include Japan’s Consumer Price Index at 8:30, remarks by RBNZ Governor Breman at 10:00, France’s Non-Manufacturing/Manufacturing PMI at 17:15, Germany’s Non-Manufacturing/Manufacturing PMI at 17:30, the Eurozone’s Manufacturing/Services PMI at 18:00, and the UK’sManufacturing/Services PMI, 9:30 PM US Nonfarm Productivity, 10:30 PM UK MPC Member Pill’s remarks, 10:45 PM US PMI Purchasing Managers’ Index, 11:00 PM US Richmond Fed Manufacturing Index, 2:00 AM Swiss SNB Governor Schlegel’s remarks, and a US 2-year Treasury auction.I want to wait and see if the Swiss franc, which has fallen against the yen, will recover.

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