Japan and the U.S. intervene to boost the yen, triggering a ripple effect that could weaken the Swiss franc — a move Switzerland secretly hopes for. With the strong franc hurting exports, traders are now turning to the franc as a new carry trade option, especially as Swiss rates hit zero while Japan’s are just 1%. The Swiss National Bank is ready to act if needed, and big banks are even advising franc sales against the yen. This quiet currency shift might just give both nations what they want — a stronger yen and a weaker franc — all thanks to smart market moves and a little central bank muscle.
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