Well it is to me
that BIS has been a consistent seller of EUR/USD recently in the 1.3150/1.3200 region.
Reports on 12/4 had them selling circa 1.3150
Reports on 13/4 had them selling circa 1.3180
and today reports had them selling circa 1.3140/45
There have been mutterings that some of the sales are for the SNB, related to their EUR/CHF purchases in support of the peg ie the swiss central bank buys euros vs swiss francs and then turns the euros into dollars.
I’d don’t know how true this is, but there we go.
Over recent days I’ve been hearing reports of buy stops gathering through 1.3210 (just incase we manage to get up there anytime soon)
