The Swiss franc lost ground against the other major currencies on Monday's European deals, as the Swiss National Bank's sight deposits improved last week, indicating the possibility of the Swiss National Bank intervention to depreciate the currency.

Data from SNB showed that sight deposits of domestic banks at the central bank surged up to 383.66 billion francs in the week ended February 27, from 365.49 billion francs recorded last week.

The franc fell to 4-day lows of 1.4736 against the pound and 1.0713 against the euro, off early highs of 1.4681 and 1.0649, respectively.

The franc hit 0.9571 against the greenback, a level unseen since January 15.

The franc eased back to 125.22 against the yen, from an early high of 125.63.

The franc is likely to find support around 0.97 against the greenback, 122.00 against the yen, 1.50 against the pound and 1.2 against the euro.

CHF vs Yen (FX:CHFJPY)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more CHF vs Yen Charts.
CHF vs Yen (FX:CHFJPY)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more CHF vs Yen Charts.