EUR/CHF has given up a quick 30 points, presently down at 1.4010, flirting with supposed 1.4000 barrier option interest. Also talk SNB will have lined up 1.4000 as yet another line in the sand. Guess we’ll find out fairly soon on that one.
Read some comments from a Swiss bank yesterday saying they believe SNB will slowly phase out their interventions. I remember the bank in question was a huge seller of the cross up at much higher levels. Guess they must still be short and getting shorter.
