Sources report that a large Swiss bank entered the market buying USD/CHF aggressively around 1.0130 area. They were quickly joined by German name driving the pairing to a session high 1.0191, presently at 1.0175.
Talk of sell orders now up at 1.0200/10 with stops said to lie just above there.
EUR/CHF is up at 1.5125 from early 1.5110.
Pleasantly surprised we haven’t heard mutterings of SNB interest.
