Euro Versus Franc and Yen January 13th

FX Strategy Video > Currency Pairs Analysis

EUR/CHF fell during the Thursday session as the market continues to test the patience of the Swiss National Bank. The central bank has put in floor at the 1.20 level, and it appears the markets are trying to get there to find out whether or not the SNB will defend it. The Chairman might be gone - but the policy remains. We are looking to buy at lower levels.

EUR/JPY rose during the session as the relief rally in the Euro was seen on multiple fronts. The pair is decidedly bearish though, and the 100 level above should provide significant resistance. If you are patient, there should be a good selling opportunity in this pair.

Published on 12th of January 2012
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