USD/CHF and CHF/JPY Divergence in Focus as US Dollar Performance Varied

The US dollar has delivered a mixed performance across FX majors, with some currencies showing strong bullish structures while others lose momentum. The USD/CHF pair has retained its solid bullish structure and could appeal to bulls over the near term.

However, the CHF/JPY pair may provide an additional clue as it approaches resistance. Its countertrend rally is nearing a cluster of prior highs and lows, which could favor renewed Swiss franc outperformance against the Japanese yen.

The USD/JPY pair has formed a solid bounce in line with a bullish bias from its lows around 153, but momentum is beginning to fade. The weekly pivot point near 159 suggests that upside may be limited, and a pullback could be due.