Swiss Franc on the Rise: Should We Keep an Eye on Its Upside Potential?
30.04.2026
- UK: BOE Policy Rate and Statement Announcement
- U.S. Initial Unemployment Insurance Claims
In the U.S. currency market the previous day, 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 has broken below the 200-period 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 is forming lower highs; it failed to reach a new high and has since pulled back.
Among European currencies, the Swiss franc rose against the yen. The CHF/JPY pair rose from 201.751 to 202.909. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the price is rebounding off the 200-period simple moving average (SMA), which is acting as a support level, and on the daily chart, it has recovered from below the 20-period moving average—which it had temporarily broken below—to above it.
Today, at 8:50, Japan’s retail sales and department store/supermarket sales, and Japan’s industrial production; at 10:00, New Zealand’s ANZ Business Confidence Index; at 10:30, Australia’s Import Price Index; at 14:00, Japan’s housing starts; at 16:55, Germany’sEmployment Report, at 5:00 PM: Germany’s Real GDP, at 6:00 PM: Eurozone’s Real GDP, Eurozone’s Consumer Price Index, and Eurozone’s Employment Report, at 8:00 PM: UK’sBOE Policy Rate and Statement, 8:30 PM UK: BOE Governor Bailey’s Press Conference, 9:15 PM Eurozone: ECB Policy Rate and Statement, 9:30 PM US: Initial Jobless Claims, US: Personal Income, US: Real GDP,Canada: Real GDP; 9:45 PM: Eurozone – ECB President Lagarde’s press conference; 10:45 PM: U.S. – Chicago Purchasing Managers’ Index; 11:00 PM: U.S. – Leading Economic Index. We will be closely monitoring the upside potential of the Swiss franc, which has risen against the yen.
