EUR/CHF, CHF/JPY flows: SNB Schlegel reiterates increased readiness to intervene

June 2, 2026 1:15 PM UTC

While accepting that real appreciate is clearly less than nominal, SNB chairman Schlegel at an event in Bern reiterates again the Bank’s raised readiness to intervene to deal with overvaluation pressure due to the Middle East conflict.
This pits the CHF on the opposite side of the fence to the yen

AUD/USD, EUR/USD flows: Figure breaks

May 19, 2026 3:02 PM UTC

Dollar remains on n/t rise as AUD and EUR dip through figure levels

EUR/USD, USD/JPY flows: Trump and Ukraine/Taiwan

December 30, 2025 12:45 PM UTC

President Donald Trump comments yesterday are attracting some attention.

USD Index flows: Fed Q1 Pause and AI & Equities

December 23, 2025 2:21 PM UTC

USD continues to be firm in NY, especially against the JPY.  

USD flows: USD slips on weaker CPI

December 18, 2025 1:56 PM UTC

Weaker than expected US October/November CPI triggers USD sell off

CHF flows: New -post-2015 low in EUR/CHF

November 14, 2025 10:04 AM UTC

EUR/CHF drops below 0.92 for the first time since the 2015 spike

USD, JPY flows: Steady to mild risk positive tone

October 20, 2025 6:45 AM UTC

Mildly more risk positive picture, but uncertainty remains. Likely Takaichi PM appointment offset by some BoJ hawkishness

USD, JPY, CHF flows: USD lower versus safe havens on risk negative trade

October 17, 2025 7:01 AM UTC

US banking concerns trigger USD declines, especially against safe havens. JPY has scope for further gains.

USD, JPY, CHF flows: Steady markets, JPY still has upside scope, CHF topping out

October 2, 2025 6:49 AM UTC

USD steady overnight, equities making new highs (again) but JPY favoured going forward. CHF looking toppy.

USD, GBP flows: USD edging lower on shutdown concerns, GBP firmer

September 29, 2025 6:31 AM UTC

USD softer as government shutdown looms. GBP edging up

CHF, JPY, EUR flows: EUR/JPY approaches all time high, CHF in spotlight

September 25, 2025 6:44 AM UTC

EUR/JPY contineus to rise towards the July 2024 all time high at 175.42. CHF strength in focus as SNB meets

USD, CHF flows: USD marginally firmer on data, CHF soft

August 28, 2025 1:07 PM UTC

Claims dip, GDP revised up, CHF weakening

USD, JPY, CHF flows: JPY recovery has legs, CHF under a little pressure

August 4, 2025 7:33 AM UTC

Quiet start, CHF softer, JPY has potential to gain more longer term

USD flows: USD dips on weaker PPI

July 16, 2025 12:58 PM UTC

June PPI weaker than expected, sustaining the impression of subdued inflationary pressures despite tariffs. USD a touch weaker but positive equity market reaction suggests CHF vulnerable

JPY, CHF, EUR flows: USD back to near pre-employment levels, JPY still soft

July 4, 2025 6:55 AM UTC

USD has slipped back overnight and the JPY has recovered, but remains weak, especially versus CHF

EUR, USD flows: German sales weaker, EUR a little stretched

June 30, 2025 6:41 AM UTC

German retail sales disappoint, FX market generally steady but some risk of EUR/USD correcting lower

USD, CHF, EUR, NOK flows: USD weakness may be overdone, CHF strength looks excessive

June 25, 2025 6:52 AM UTC

Better risk tone should mean CHF comes under pressure

GBP, CHF, JPY flows: GBP a little softer, CHF and JPY strength could be challenged

April 16, 2025 6:31 AM UTC

GBP edging lower more on the dip in risk sentiment than weak CPI. CHF and JPY remain strong, but CHF strength may fade if equity ranges hold

USD, CHF flows: USD recovers slightly, CHF holds firm

December 9, 2024 7:52 AM UTC

USD recovers slightly after post-employment dip but Fed rate cut still largely priced in. CHF stays firm on geopolitics, Eurozone concerns

CHF flows: EUR/CHF bounces on SNB comments

November 22, 2024 2:32 PM UTC

EUR/CHF back above opening levels after SNB chair Schlegel indicates potential for negative rates. But scope for CHF losses against the UR remains quite limited. CHF/JPY and CHF/NOK much more vulnerable

CHF flows: CHF falls on weaker CPI

November 1, 2024 7:54 AM UTC

CHF falls sharply as October CPI comes in below consensus, but declines unlikely to extend far ahead of the US election

USD, CHF, JPY flows: USD firm after better ADP

October 2, 2024 1:17 PM UTC

USD generally higher but JPY seeing largest move as risk sentiment recovers (at least in FX trading)

JPY, CHF flows: Safe haven gains may be reaching near term limits

August 2, 2024 6:58 AM UTC

JPY gains have been mostly a reversal of the May/June overshoot, but have been extended by the recent risk sell off. JPY crosses now approaching levels that are consistent with current risk premia. CHF strength on risk weakness likely to paude as EUR/CHF finds support near 0.94

USD flows: Watching U.S. Tech

June 25, 2024 10:09 AM UTC

Some traders are watching the sharp pullback in Nvidia share price in the last few sessions. 

CHF flows: CHF falls back on SNB rate cut

June 20, 2024 7:46 AM UTC

SNB cuts rates 25bps as most expected. CHF weaker and some scope for further losses 

USD flows: USD rises on strong PMIs

May 23, 2024 2:02 PM UTC

Much stornger than expected US services PMI boost the USD across the board

USD, EUR, CHF, JPY flows: USD firm on retail sales, JPY under pressure

April 15, 2024 1:10 PM UTC

Stronger thna expected retail sales keep the USD well bid. JPY under pressure but risk of intervention rising.

CHF, AUD, JPY flows: CHF lower after CPI

April 4, 2024 6:59 AM UTC

Another big downside miss in Swiss CPI weighs on the CHF

USD flows: USD firmer after durable goods orders data

March 26, 2024 12:43 PM UTC

USD generally firmer after durable goods orders come idn a tad above consensus, but underlying picture is of risk positive FX moves

CHF flows: CHF drops sharply on SNB rate cut

March 21, 2024 7:48 AM UTC

The SNB cut the policy rate 25bps. This was only seen as an outise chance before the meeting so the CHF has weakened and is likely to remain under pressure, although valuation only looks dramatically out of line against the JPY

EUR/CHF, USD/CHF flows: CHF back to Yesterday Highs

December 29, 2023 10:40 AM UTC

The CHF has surged higher today and wants to test 0.9250 and then 0.9200.