Yellen's more hawkish comments met with USD demand early on but USDCHF had its own agenda
As if to prove that the jury is well and truly out on how much USD demand is being factored in for a December hike we saw USDCHF rally to 0.9845 only to collapse to 0.9746 with EURCHF under pressure to 1.0890 after failing to breach 1.0965 again
USDJPY looked strong early doors but it similarly ran out of steam above 121.00 and fell back to 120.83 but the retreat was no way as substantial as that on USDCHF and shows that these forex markets are a real mixed bag right now
No obvious reason for the moves being cited and the EURCHF move flew in the face of euro demand elsewhere. So we put it down to natural flows/ profit taking which can be very random as we discussed yesterday in my session for the ForexLive ACT course
Currently 0.9780 and 1.0917 we need to keep an eye on these but too much analysis/prediction futile right now
GBPCHF also a big mover from 1.4984 to 1.4823 as GBPUSD failed to hold onto early gains which will have added to the CHF demand
