SNB Jordan on the wires: far away from an exit from capping the CHF

• rejects charges of a currency war
• CHF is still overvalued at 1.20
• the peg will last as long as necessary

I have commented in the last two day reiterating my view on their resolve. I believe they will not falter and will stay on message for some time to come.

Meantime buy the dips in EURCHF. This one is for the patient.