Swiss Franc Replaces Yen as Carry Trade Funding Currency — SkimNews

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- Investors are setting their sights on the Swiss franc for carry trades after intervention in the Japanese yen market, per Reuters and echoed across tmgm.com and marketscreener.com coverage.
- ING flags the Swiss franc's growing role as a funding currency, with Swiss franc-funded carry trades back in focus as traders seek alternatives to the yen.
Why it matters: Traders are rotating out of yen-funded carry positions after intervention and into Swiss franc funding, shifting which currency absorbs the world's cheapest borrowing flows and concentrating new leverage demand on the franc.
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