Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
10.04.2026
- University of Michigan Consumer Sentiment Index (Preliminary)
- Canada Employment Statistics
In the U.S. currency market yesterday, the U.S. dollar rose against the yen after the February U.S. Personal Consumption Expenditures (PCE) Price Index, released yesterday, showed a year-over-year increase of 2.8%, unchanged from the previous month.The USD/JPY pair rose from 158.449 to 159.294. It climbed along the 20-period moving average (MA) on the hourly chart to just below the 200-period SMA. On the 4-hour chart, the RSI, which had fallen to 28, has recovered to 48, and on the daily chart, the candlesticks have returned to the upper levels of the 20-period MA.
Among European currencies, the Swiss franc was the weakest. However, it rose against the Japanese yen, which had been the weakest. The CHF/JPY pair recovered from 200.211 to 201.669.On the hourly chart, an uptrend is developing along the 20-day moving average (MA), and on the 4-hour chart, the pair is currently attempting to break above the 200-day moving average (SMA), which had been acting as resistance. On the daily chart, the pair has recovered from the lower end to the middle of the trading range that has been in place since early this year.
Today’s economic indicators include the New Zealand Manufacturing PMI at 7:30 a.m., Japan’s Domestic Corporate Goods Price Index at 8:50 a.m., Germany’s Consumer Price Index at 3:00 p.m., Canada’s Employment Report and the U.S. Consumer Price Index at 9:30 p.m., the University of Michigan Consumer Sentiment Index (flash estimate) and the U.S. Factory Orders Index at 11:00 p.m., and the U.S. Budget Balance at 3:00 a.m.I’d like to wait and see if the weak Swiss franc will continue to strengthen against the yen.
Author: Keisuke Sakurai
