Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
- Australian Employment Statistics
- European Consumer Price Index
In the U.S. currency market yesterday, the U.S. dollar rose against the yen following the release of the U.S. March import and export price indices, which showed year-over-year and month-over-month increases for both exports and imports.The USD/JPY pair rose from 158.651 to 159.156, moving above the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair rose with support from the 200-period simple moving average (SMA). On the daily chart, the candlesticks have recovered from just below the 20-period MA to the level immediately below it. However, downward pressure is evident during today’s Asian trading session.
Among European currencies, the Swiss franc was the weakest alongside the Japanese yen during U.S. trading hours. The USD/CHF pair traded between 0.7798 and 0.7831, fluctuating entirely within the range of the 20-period moving average on the hourly chart. On the 4-hour chart, the pair rebounded from the -2σ level of the Bollinger Bands, and the daily chart showed a similar price movement, with the RSI rebounding slightly from 37 to 41.
Today’s economic indicators include Japan’s Foreign and Domestic Securities Investment at 8:50, Australia’s Employment Report at 10:30, the UK’s Industrial Production, Monthly GDP, Manufacturing Output, and Trade Balance at 15:00, the Eurozone’s Consumer Price Index (revised) at 18:00,21:30: U.S. Initial Jobless Claims and U.S. Philadelphia Fed Business Outlook Index; 21:35: Remarks by U.S. Federal Reserve Bank of New York President Williams; 22:15: U.S. Industrial Production; 23:30: U.S. Weekly Natural Gas Inventories; and 23:35: Remarks by U.S. Federal Reserve Governor Mian.I’d like to watch the price action during European trading hours to see if the weak Swiss franc will recover.
Author: Keisuke Sakurai
