JLS: One-Sided and Two-Sided Bands (EURCHF, EURJPY, EURUSD)
Latest SNB policy is to manage the EURCHF by one-sided band (read the IMF/BIS' report) which will result the EURCHF most stable interior narrow band.
The EUR-pegged pairs (EURNZD, EURCAD, EURAUD, EURGBP) underway to their upper ceilings and suportive to strengthen the EUR to USD by driving the EURUSD up to 1.1800 (up to 1.1800).
The JPY-pegged pairs (USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY) underway to their lower ceilings and supportive to strengthen the JPY to EUR by driving the EURJPY to lower ceiling.
The EUR-pegged pairs (EURNZD, EURCAD, EURAUD, EURGBP) underway to their upper ceilings and suportive to strengthen the EUR to USD by driving the EURUSD up to 1.1800 (up to 1.1800).
The JPY-pegged pairs (USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY) underway to their lower ceilings and supportive to strengthen the JPY to EUR by driving the EURJPY to lower ceiling.