Dealers note talk in London of solid bids on dips to the 1.5000 level today. Several rounds of jawboning from Swiss National Bankers last week and the week prior have dealers lightening up on the Swiss franc as a safe-haven play. A weaker JPY and some modest reflation trades last week also helped weaken the other dollar as well, so all the safe-havens have seen weaker prices in recent sessions.
If my 401K reflates, I for one, am willing to withstand a weaker Swiss franc!
