USD/CHF is gaining ground in Asia as the BoJ pushes USD/JPY and USD broadly higher. Last quoted in the 0.7715 price zone, USD/CHF is trading 45 pips above its opening price. Next resistance lies at 0.7755. EUR/USD is also reacting to recent BoJ events, easing back towards its opening price around 1.4320 after recording session highs near 1.4370.
BoJ Governor Masaaki Shirakawa said in a statement Thursday that “the Bank of Japan strongly expects that the action taken by the Ministry of Finance in the foreign exchange market will contribute to stable price formation in the market.”
