Will the Macron shock push down EUR/JPY?!

6/6-9In the wake of the far-right forces' surge in the European Parliament elections, French President Macron announced a dissolution of the lower house, sending the French financial markets into a triple decline (Euro, stocks, bonds).(Euro, stocks, bonds) Investors worldwide have been pouring large sums into French government bonds, affecting the euro exchange rate in various ways, and this time we will discuss the potential impact on the euro-yen pair from the following: the Swiss National Bank (hereafter SNB) and Japan's GPIF (Government Pension Investment Fund).(hereafter SNB) and JPGPIF(Government Pension Investment Fund) movements, and their implications for future EUR/JPY exchange rates.