TOKYO -- Investors are increasingly turning to the franc for carry trades amid speculation that the Swiss policy rate could be headed below Japan's, a trend that could ease selling pressure on the yen.
Currencies
Yen carry trades lose ground to franc as Japan, Swiss rates converge
Pressure on Japanese currency wanes as investors eye further easing in Switzerland
The yen has been a popular option for carry trades due to low interest rates in Japan. © Reuters
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