Will Interest Grow in the Swiss Franc’s Upside Potential Against the Yen?
21.04.2026
- UK Employment Statistics
- U.S. Retail Sales
In the previous day’s U.S. currency trading, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1729 to 1.1789. It moved higher, finding support at the 200 EMA on the hourly chart.On the 4-hour chart, price action lacks direction as it fluctuates around the 20-period moving average (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. It moved from below the 20-period moving average on the hourly chart to above it.On the 4-hour chart, the pair has entered a “band walk” 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 pair has been rising for three consecutive weeks.
Today’s economic indicators include the New Zealand Consumer Price Index (CPI) at 7:45,at 15:00, the UK ILO Unemployment Rate and UK Employment Statistics; at 15:30, remarks by German Bundesbank President Nagel; at 18:00, the German ZEW Economic Sentiment Index and the Eurozone ZEW Economic Sentiment Index; at 21:30, U.S. Retail Sales;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 Swiss National Bank (SNB) Board Member Tüdin. We will be watching for further upside potential in the Swiss franc, which has risen against the yen.
Author: Keisuke Sakurai
