Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?
21.04.2026
- UK Employment Statistics
- U.S. Retail Sales
In yesterday's U.S. currency markets, the U.S. dollar fell against the euro.The EUR/USD pair rose from 1.1729 to 1.1789. It turned upward, supported on the downside by the 200-period EMA on the hourly chart. On the 4-hour chart, price action has been directionless, fluctuating around the 20-period MA, while on the daily chart, prices have rebounded, supported by the 10-period MA. On the weekly chart, the pair has risen for four consecutive weeks and remains above the 20-period MA.
Among European currencies, the Swiss franc strengthened. The CHF/JPY pair rose from 202.757 to 204.132. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price has entered a band-walking phase along the +2σ line of the Bollinger Bands, and on the daily chart, it has recovered to near all-time highs. The RSI has risen from 60 to 65. On the weekly chart, the price has risen for three consecutive weeks.
Today’s economic indicators include New Zealand’s Consumer Price Index (CPI) at 7:45, the UK’s ILO unemployment rate and employment statistics at 15:00, remarks by German Bundesbank President Nagel at 15:30, Germany’s ZEW Economic Sentiment Index and the Eurozone’s ZEW Economic Sentiment Index at 18:00, U.S. retail sales at 21:30,at 11:00 PM, U.S. Existing Home Sales and U.S. Business Inventories, as well as the confirmation hearing for Federal Reserve Chair nominee Warsh; and at 1:15 AM, remarks by SNB Board Member Tudin. We will be watching for further upside potential in the Swiss franc, which has risen against the yen.
Author: Keisuke Sakurai
