BITPRISMIA
The Japanese Yen experienced a significant rally following Japan's Upper House elections, where the ruling coalition lost its majority, creating political uncertainty and prompting investors to seek the yen as a safe-haven asset.
A recent BofA report indicates that USD flows have turned neutral, reflecting a shift in investor behavior amid ongoing trade uncertainty, which has implications for various currencies and markets.
UBS predicts a weakening Swiss Franc (CHF) against the Euro due to the Swiss National Bank's (SNB) monetary policy shifts, including interest rate cuts and reduced forex interventions.