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
- France: Industrial Production
- U.S. ISM Non-Manufacturing Purchasing Managers' Index
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 Bollinger Band to 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. Similarly, the 4-hour chart lacks direction, with price action hovering around the 20-period MA, while 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. nonfarm payrolls 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 will need to watch the price action over the weekend to see if the CHF/JPY pair, which has been facing resistance, will show signs of recovery.
Author: Keisuke Sakurai
