Dealers say the SNB is still lurking about, bidding for EUR/CHF at 1.5180, interesting in that it is past closing time in Zurich. SNB President Roth is speaking as well, saying he wants to avoid a further rise of the Swiss franc versus the euro. Looks like he is willing to match his words with deeds.
Also of note was a decent-sized buyer of USD/JPY a short while ago which briefly boosted USD/JPY to 98.23 before it stalled.
EUR/USD is underpinned this afternoon as US equities enjoy a continued rally. They are up a bit better than 2.2%. We trade at 1.2820. Offers remain at 1.2850.
