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Yen near record low against Swiss franc as safe haven appeal fades

Trade deficits and BOJ policy have eroded Japanese currency's strength

The yen has lost strength against a range of currencies, including the Swiss franc.   © Reuters

TOKYO -- The yen has sunk to historic lows against the Swiss franc in a sign of how Japan's chronic trade deficits and monetary easing have sapped its currency's appeal to risk-averse investors.

Japan's currency touched 153.80 yen against the Swiss franc on May 2, reaching its weakest rate since Refinitiv began tracking the data in 1982. This is nearly a third of its strength in September 2000, when it hit a record high of about 58 yen.

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