Wikileak’s Julian Assage is holed up in a room at Ecuador’s embassy in London and has been granted asylum to stay there indefinitely.

The Julian Assange of the FX market is surely EUR/CHF:

  1. It’s completely stuck with nowhere to go
  2. The only info comes through some clandestine back-channels, like yesterday when chatter slipped through that the euro drop may have been due to the SNB selling euros to re-balance reserves.

Early on with the peg there was some movement but for the past 5 months it has been a 1.20/21 range.

Which breaks out first, Assange or EUR/CHF?