FX investors seek safe havens in post-Brexit world

Japanese yen and Swiss franc surge as traders look for safety. Meanwhile, central banks take action and stand ready to act

Brexit
Taking sides: uncertainty causes safe-haven central banks to contemplate intervention in future

The central banks of safe-haven currencies, such as the Japanese yen and the Swiss franc, are preparing to take action if, and when, it becomes necessary to prevent their currencies from appreciating excessively as investors pile into these units and away from sterling and the euro.

The concerns of the Bank of Japan (BoJ) and the Swiss National Bank (SNB) come after Britain voted to exit the European Union on June 23, raising uncertainty about the economic future of the country, which led to a

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