Swiss Franc Volatility Eclipses Yen on North Korea Risk: Chart

When it comes to hedging geopolitical risks surrounding the Korean peninsula, the Swiss franc seems to be gaining in popularity. One-week implied volatility on the franc, which measures expected swings in the currency, is climbing above the yen’s as Japan’s geographical proximity to North Korea stokes demand for a non-Asian hedge. There is a chance that Pyongyang could fire an intercontinental ballistic missile into the Pacific Ocean, Yonhap said on Monday, citing South Korea’s spy agency.

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