UBS chief currency strategist Mansoor Modi-uddin wrote in a client note today that they expect USD/CHF to hit parity ‘at a minimum.’ They say demand for safe havens is dwindling as central banks ease.

Yesterday I wrote:

One trade in particular that’s looking attractive is USD/CHF. It broke above the March highs on Friday and looks poised for a run at 100.

Tomorrow’s Conventional Wisdom Today™ indeed.

It feels like USD/CHF longs are the trade for the people who feel like they missed out on USD/JPY.