Will the weak Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
- Australia 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 Index, 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, with price action straddling 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 downside. On the daily chart, the candlesticks have recovered from just below the 20-period moving average to the level immediately below it. However, downward pressure is evident during today’s Asian trading session.
Among European currencies, the Swiss franc, along with the Japanese yen, was the weakest during U.S. trading hours. The USD/CHF pair traded between 0.7798 and 0.7831, with price action remaining within the range of the 20-period moving average on the hourly chart throughout the session.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 to the 4-hour chart, 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 statistics at 10:30, and the UK’s industrial production, monthly GDP, manufacturing output, and trade balance at 15:00,6:00 p.m. for the Eurozone Consumer Price Index (revised), 9:30 p.m. for U.S. Initial Jobless Claims and the U.S. Philadelphia Fed Business Outlook Index, 9:35 p.m. for U.S. Federal Reserve Governor Williams:Remarks by NY Fed President Williams; at 22:15, U.S. Industrial Production; at 23:30, U.S. Weekly Natural Gas Inventories; and at 23:35, remarks by U.S. Federal Reserve Governor Milan. I’d like to closely monitor price movements during European trading hours to see if the weak Swiss franc will recover.
Author: Keisuke Sakurai
