CHFJPY 23rd MAY 2022

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During times of economic unrest, the Swiss franc is considered as a safe haven by the investors. Switzerland has a stable government, banking, and financial system. Switzerland economy has a low debt-to-GDP ratio and a current account surplus, and it has maintained a political neutrality. The Japanese yen is also considered as a safe haven when the market is dominated by a risk-off sentiment. Japan has a current account surplus, as it exports more than it imports. Japan owns more foreign assets that it owes, and it is struggling with low inflation.