USD/CHF: Talk of sizeable bids on 91 handle

Author: Sean Lee | Category: News

I’m hearing from a reliable source that there are some decent bids building on the 91 handle. These buyers are longer-term USD/CHF shorts who are getting a little nervous after the big spike higher in USD/JPY.

The CHF is different to the JPY in that it is also considered to be a commodity currency and so often moves in line with the AUD/CAD/NZD block but the CHF crosses and JPY crosses do tend to move in the same direction, in the short-term at least.

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