Johanes
Long

JLS: USDCHF Long Target Zone 0.9700-1.0200/1.0700 Valid

FX:USDCHF   U.S. Dollar / Swiss Franc
The USDCHF remains to upward in medium term by their interest rate differential as per previous analysis attached hereto. The USDCHF interest rate differetial represent the highst positive interest rate differential, and the EURUSD represents the highest negative interest rate differential.

At such, global target zones of major currency pairs and their derivatives are interior the target zones of USDCHF to upward 0.9700-1.0200/1.0700 and EURUSD to downward 1.1800-1.0800/1.0750. By managing the two currency pairs at their ceilings then all major pairs and their derivatives to be stable interior their medium terms target zones of their interest rate differentials.
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