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Forex Flash: CHF safe haven worth watching - Societe Generale

Sebastien Galy of Societe Generale note that CHF as a safe haven is worthy of monitoring amid recent price action.

He notes that EUR/CHF is showing some tendency to want to move higher which may be a sign that the much awaited reallocation by Swiss Funds out of CHF has gently started. It takes them a while to make their move but it eventually works. He writes, “We maintain a structural short in CHF, expecting EURCHF to eventually overshoot above 1.30.”

Forex Flash: EUR/USD continues hunt for catalysts - OCBC Bank

Emmanuel Ng notes that EUR/USD may have to search for cues ahead of the hotly anticipated Italian elections.
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Forex Flash: Yen stable ahead of Abe US trip - BTMU

Derek Halpenny, European Head of Global Market research at the Bank of Tokyo Mitsubishi UFJ notes that the dollar is broadly lower versus Asian currencies but the moves have been minor while equity markets are all higher on the day.
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