Will the CHF/JPY pair, which has been facing resistance at higher levels, show signs of recovery? Market participants are keeping a close eye on price movements heading into the weekend.

Will the CHF/JPY pair, which has been facing resistance at higher levels, show signs of recovery? Market participants are keeping a close eye on price movements heading into the weekend.

03.04.2026

In yesterday’s U.S. currency trading, the Canadian dollar rose against the yen. The CAD/JPY pair rose from 114.263 to 114.824, moving above the 20-period moving average on the hourly chart.On the 4-hour chart, the price has rebounded from the +2σ line of the Bollinger Bands toward the centerline. On the daily chart, the 75-day moving average is acting as a support level, and the price has recovered from last month’s low. However, during today’s Asian session, trading has been characterized by low volatility and a lack of clear direction.

Among European currencies, the Swiss franc traded in a narrow range against the yen.While other yen crosses rose, the franc’s upside against the yen was limited, trading between 199.056 and 200.047. Price action remained confined to the 20-period moving average (MA) on the hourly chart. The 4-hour chart also lacks direction, with price action hovering around the 20-period MA, and the daily chart shows a rebound from a touch of the -3σ Bollinger Band.

Today’s economic indicators include French industrial production and the French manufacturing production index at 3:45 p.m., U.S. employment data at 9:30 p.m., the U.S. PMI at 10:45 p.m., and the U.S. ISM Non-Manufacturing Index at 11:00 p.m. No other major economic indicators or key speeches are scheduled.Most markets will be closed today for Good Friday, ahead of Easter. We should remain cautious regarding price movements over the weekend to see if the CHF/JPY pair, which has been facing resistance, will show signs of recovery.

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