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ICYMI from the SNB – vice chairman Schlegel on intervention

Martin Schlegel is Vice Chairman of the Governing Board of the Swiss National Bank (SNB). Schlegel is likely to take over the Chairman position from the retiring Thomas Jordan in September.

Schlegel spoke on Tuesday, Adam had the info from him here, and also touched on why Japan has been so cautious in intervening with the yen.

Meanwhile, USD/JPY has barely backed away from 152.00:

This article was written by Eamonn Sheridan at www.forexlive.com.

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