Flash: CHF and Yen reacting to Syria relief - BMO

FXstreet.com (London) - "Broadly speaking, this morning was primarily about near-term Syria relief", said Stephen Gallo, European Head of FX strategy at BMO.

Key Quotes:

"As such, the weakness in the CHF and the JPY reflected spillover of one of the apparent themes at the end of last week".

"A near-term reduction in Syria tensions as we now await the US Congressional vote appeared to help lift European equities this morning and simultaneously knock the CHF and JPY lower".

"The underlying bid in the CHF from the lows may be a point of concern, however".