Gkionakis: Yen to Bear Brunt of Safe Haven Demand

The transcript discusses the yen's role as a safe haven currency amid Brexit fears and dollar overvaluation. It explores the Swiss franc's changing status due to negative yields and lack of repatriation. The potential for Japan to intervene in currency markets is analyzed, with a focus on the need for coordinated actions. The impact of currency movements on global markets and supply chains is examined, highlighting the challenges faced by countries with floating exchange rates. Finally, the effects of Brexit on currency valuations and market expectations are discussed, with a focus on the potential for short squeezes in sterling.

What factors are contributing to the safe haven demand for the yen?

How has the undervaluation of the yen affected its appreciation?

What historical trends have influenced the safe haven demand for the Swiss franc?

Discuss the implications of coordinated actions by central banks in response to currency fluctuations.

What are the potential consequences of short squeezes in the currency market?