Swiss National Bank out with their reserves quotas

  • USD down to 32.6% vs 33.5%
  • GBP down to 7.2% vs 7.4%
  • JPY up to 7.8% vs 7.6%

Further indication on SNB support to help weaken CHF.

EURCHF has now posted 1.1138 to record the highest levels since the SNB cap removal bomb a year ago. Currently 1.1101 with demand in the dips.

It's all going to help them wipe out a few of those 2015 book losses.