A Swiss franc stronger than the yen?!
This week, the annual revision of the United States employment statistics(2023/4-2024/3) was widely expected to be revised downward, leading to a broad-based decline in the dollar. Dollar-yen alsofrom last week’s149 yen level tothis week144yen level, rapidly falling and driving the dollar lower, but even stronger than the dollar was the Swiss franc. The Swiss National Bank((hereinafter, the SNB)’s intervention policy will be explained, and the outlook for the Swiss franc-yen pairwill be predicted..
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