The US dollar has fallen fairly significantly against the Swiss franc. But again, I think you’ve got a situation where traders are testing support at the 0.78 level to see if it holds. I think given enough time, we probably see the interest rate differential come back into play that does, of course, favor the United States dollar.

And if we get a little bit more risk appetite out there, I think that would make the difference. Ultimately, I am bullish on this pair. We are in a range, we’re getting close to the bottom of it, I’m looking for a bounce.

USD/JPY Technical Analysis