USD/JPY Holds Support as USD/CHF Falls After Breakout Failure

Technical analysis shows the USD/JPY pair staying above the 159.70 level, with a bullish trend line forming on the 1‑hour chart and potential upside toward 160‑162. The pair is consolidating near key Fibonacci retracement zones, and a break below 159.70 could trigger a decline toward 159.20.

In contrast, the USD/CHF pair slipped after a brief surge that broke its 200‑day moving average. Sellers retook control, pushing the price back below the 200‑day average and key support zones near 0.7866‑0.7858. The move was driven by safe‑haven demand for the Swiss franc and weaker‑than‑expected Swiss CPI data, which did not weaken the franc but underscored its appeal amid broader U.S. dollar weakness.