The USDCHF and USDJPY bilateral bands are both bearish but at very slow rate to their lower ceilings. The lower ceiling estimated to 5 % and narrower and wider subject future mearusment of actual lower ceiling by bilateral currency band performance. The estimated 5 % bearish from the upper ceilings are based on the assumption that both SNB and BoJ will manage them to Plaza Accord (G5).
Thus short trading is prospective, but at very slow rate of bearish and the 5 % target zone could be completed over 3 months and may up to 6 months.
Thus short trading is prospective, but at very slow rate of bearish and the 5 % target zone could be completed over 3 months and may up to 6 months.