USD/CHF Hesitates Above 0.7800 Despite Shocking Swiss Retail Sales Miss

USD/CHF trades cautiously above 0.7800, quoted around 0.7815, after Swiss retail sales stunned markets with a -0.8% MoM drop versus +0.2% expected and +1.2% YoY growth down from 2.5%. The pair slid over 1% from above 0.7900 earlier, triggered by alleged Japanese intervention sinking USD/JPY 2.4% Thursday and 0.8% early Friday amid thin May Day volumes, putting it on track for a 0.35% weekly loss. Weak data failed to boost the franc against a resilient USD (DXY above 104), hawkish Fed outlook, and potential SNB dovishness, with analysts eyeing dips as buys near 0.7825 due to wide rate differentials; resistance at 0.7850.