Swiss Franc on the Rise: Should We Keep an Eye on Its Upside Potential?
30.04.2026
- Bank of England Announces Policy Rate and Statement
- U.S. Initial Jobless Claims
In the previous day’s U.S. currency trading, the U.S. dollar strengthened following the FOMC meeting, rising against the euro.The EUR/USD pair fell from 1.1720 to 1.1661, declining along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price broke below the 200-period exponential moving average (EMA), which had been acting as support, with a real body candle. On the daily chart, the price is in a phase of transitioning from above the 20-period MA to below it. On the weekly chart, the price has formed lower highs, failing to reach a new high and subsequently pulling back.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 201.751 to 202.909. 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 is rebounding as the 200-period simple moving average (SMA) acts as a support level, and on the daily chart, it has recovered from below the 20-period MA—which it had temporarily broken below—to above it.
Today, at 8:50 AM: Japan’s retail sales, department store/supermarket sales, and industrial production; at 10:00 AM: New Zealand’s ANZ Business Confidence Index; at 10:30 AM: Australia’s import price index; at 2:00 PM: Japan’s housing starts; at 4:55 PM: Germany’s employment statistics; at 5:00 PM: Germany’s real GDP;at 6:00 PM: Eurozone Real GDP, Eurozone Consumer Price Index, and Eurozone Employment Statistics; at 8:00 PM: UK BOE Policy Rate and Statement; at 8:30 PM: UK BOE Governor Bailey’s Press Conference; at 9:15 PM: Eurozone ECB Policy Rate and Statement; at 9:30 PM: US Initial Jobless Claims, US Personal Income, US Real GDP,Canada: Real GDP; 21:45: Eurozone: ECB President Lagarde’s press conference; 22:45: US: Chicago PPI; 23:00: US: Leading Economic Index. We will be closely monitoring the upside potential of the Swiss franc, which has risen against the yen.
Author: Keisuke Sakurai
