Doubt SNB will make any big interventions - since any big moves will be shorted like it was with BoJ's actions.
Think they will be keeping price just above 1.2 until market will give up on idea going for a break.
Some sharp moves 20-30 pips up might be possible just to take few stops.
But if they will be keeping price that close to the peg I wonder how long will they hold until new 'technical glith' will happen ...
Think they will be keeping price just above 1.2 until market will give up on idea going for a break.
Some sharp moves 20-30 pips up might be possible just to take few stops.
But if they will be keeping price that close to the peg I wonder how long will they hold until new 'technical glith' will happen ...