Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

10.04.2026

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 moving average (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 moving average.

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 New Zealand’s 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. Manufacturing 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.

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