The Swiss franc taking a lead as USD demand and risk return 14 Aug
USDJPY faces decent sell-interest between 109.80-00 as I highlighted in the order board post along with large option expiries at 110.00 also likely to cap.
So that's meant the yen selling has abated/stalled for the moment but CHF pairs continue to climb with USDCHD leading the way up to 0.9695 along with its partner in crime EURCHF up to 1.1435. Offers/sell interest at 0.9700 and 1.1450 may help stall further advances.
SNB helping hands and renewed hedge fund/swiss insurer interest to sell CHF in the frame as prime movers.
Even GBPCHF is just off session at 1.2575 despite the pound's soggy show this morning which has seen EURGBP test 0.9100 and GBPUSD down to 1.2963 after once again failing above 1.3020 in Asia. Large expiry interest at 1.2950 should help provide support so continue to play the range.
USDCHF 15m
EURCHF 15m
