Short CHFJPY Swiss Franc vs. Japanese YenFX:CHFJPYdiegomurphyvThe thesis is simple: Swiss franc upside is limited because the SNB is ready to intervene (they don't want a strong franc anymore). Japanese yen downside is limited because the MOF is ready to intervene in USDJPY. That intervention probably won't work, but it at least makes it hard for CHFJPY to trend higher. Everyone is betting against the JPY, and I think this could set up something like a short squeeze. Interest rates in Switzerland are at 0% vs 1% in Japan. That makes JPY more attractive than CHF Not investment advice. I could be wrong.