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Forex Flash: USD/CHF forming a long term base - UBS

Dollar sceptics should take a look at USDCHF, with "the charts forming a long term base" says Mansoor Mohi-uddin, Head of FX at UBS. "This matters as the pair is the closest proxy for the old USDDEM rate" he notes.
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Forex: USD/JPY flat above 93.50

With monetary base data in Japan just released showing the most increase YoY in 12 months at 15% when previous was 10.9% and expected 11.5%, and Nikkei index opening above the 11650 points up +0.68%, USD/JPY keeps flat for the moment from previous weekly close Friday, last at 93.56. The pair prints session lows at 93.35, and highs at 93.69, gaining +8.75% year to date, and +19.34% in last 6 months.
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