A Swiss bombshell: Why the franc soared 30%

http://www.cnbc.com/id/102341104

A surprise move Friday to supercharge the central bank's quantitative easing program sent the yen tumbling as much as 2.5 percent to a six-year low of 111.89 against the dollar.

That's on top of an 11 percent fall in the last year, driven by easy policy in Japan implemented to fight deflation and a sluggish economy, setback even further by a planned increase in the nation's consumption tax.

Read MoreNext stop for dollar-yen: 120?


Market Analysis: North America - Jan 15, 2015

EUR-CHF collapsed after SNB gave up the 1.2000 franc cap. This sent the cross to a 1.0236, which is a massive price action. With the ECB set to pursue QE, it was always going to be a tall order for the SNB to defend 1.2000, while the central bank stated that "while the Swiss franc is still high, the overvaluation has decreased as a whole since the introduction of the minimum exchange rate," and that "the economy was able to take advantage of this phase to adjust to the new situation." The EUR-CHF nosedive caused chaos in forex markets. EUR-USD hit a new nine-year low at 1.1572 following a two-big figure dive, subsequently rebounding sharply to near net unchanged levels around 1.1750, and then settling to a jumpy oscillation around the 1.1700 level. EUR-JPY selling and a degree of safe-haven buying underpinned the yen, sending USD-JPY to a 116.29 low, well off the pre-SNB announcement high of 117.94.

WHERE IS IT ALL HEADING TO....:

Is it OPEC or Is it GREECE, or Is it ITALY or is it the US DOLLAR???

Please watch CNBC News, if High finance is your daily bread...



FH.