Swiss Franc Wins Battle of FX Havens With Four-Decade High Against Yen
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The Swiss franc is proving to be the mightiest currency haven in a volatile year for global markets, reaching a four-decade high against its traditional rival the yen this week.
The Swissie has hit levels last seen in 1980 as investors wager that the Bank of Japan will keep its ultra-loose monetary policy unchanged Friday, a decision which may weigh on the Japanese currency. The Swiss National Bank removed negative rates last year and began its hiking cycle.