Swiss National Bank chairman Thomas Jordan out on the wires 1 Aug 2016

  • SNB will always weigh costs/benefits of intervention
  • balance sheet is big but there's still room for intervention
  • Swiss franc still overvalued

Jordan repeating previous comments/stance while speaking on a panel in Bali.

USDCHF just nudging up to 0.9702 highs. Support noted at 0.9680. Immediate res/offers at 0.9720

EURCHF 1.0830 with support nearby at 1.0820 and more into 1.0800. Immediate offers/res at 1.0850

SNB's Jordan in repetitive mode