-In the past four to five years there hasn't been any kind of such announcement from a major central bank- - The move may now open the door to foreign exchange interventions by other monetary authorities, with the Bank of Japan and Sweden's central bank possibly being the next in line- www.fxstreet.com/news/forex-news/article.aspx?StoryId=e9858190-0df7-4c09-be99-cedfd647f17b
If their intent is to combat a strong franc, where was this intervention a yr ago or even 3 months ago? In this strong USD environment, their action is kinda like opening a condom AFTER you've had sex, no?