Report published September 23, 2026
Intraday FX View: Bank J. Safra Sarasin FX Strategy (September 23, 2026)
Bank J. Safra Sarasin · September 23, 2026
Bank J. Safra Sarasin's FX trading desk outlines technical levels and tactical views across major currency pairs ahead of PMI releases, the SNB decision, and quarter-end flows. The desk expects continued USD strength and highlights dip-buying opportunities in EUR/GBP and AUD/JPY.
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Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The US dollar is strengthening on hawkish Fed commentary and US-Iran discussions; EUR/USD broke support at 1.1455 and USD strength is expected into quarter-end.
- 2.The Swiss National Bank is expected to keep rates unchanged tomorrow, with trader focus on whether FX intervention is retained in the statement.
- 3.Tactical trading recommendations include buying dips in EUR/GBP into month-end, buying dips in AUD (notably against JPY towards 111.50), and considering downside USD/JPY options near the 200 DMA (158.45).
Table of Contents
- EUR/USD (1.1422)
- USD/CHF (0.8224)
- GBP/USD (1.3307)
- USD/JPY (157.84)
- AUD/USD (0.7085)
- USD/CAD (1.4086)
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| EUR/USD Spot Rate | 1.1422 | EUR/USD broke through support at 1.1455 yesterday |
| USD/JPY Spot Rate | 157.84 | 200 DMA comes in at 158.45 |
| Market Implied Probability of RBA Rate Hike | 87.0% | Market still pricing in a RBA hike next week by 87% |
Reports in this series
Intraday FX View is shown in chronological order through this edition, published on September 23, 2026.
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