Haven’t found any one who saw the BIS or SNB directly, but the jump in EUR/CHF from the 1.4645 to 1.4690 has that look and feel.
These drive buy attacks have less and less impact over time, but it does send a warning to traders to be reluctant to sell EUR/CHF anywhere near 1.4640…Keeping the market from getting comfortably long CHF is all they seem to want to accomplish…
The cross trades now at 1.4662.
