Carry traders are increasingly using the Swiss franc as a funding currency, moving away from the yen due to intervention threats and rising interest rates.

Carry traders are reportedly moving away from the US dollar, opting instead for bets in emerging markets.

Carry traders are increasingly using the Swiss franc as a funding currency in the near term, as the threat of intervention and higher interest rates diminishes the appeal of borrowing in the Japanese yen.

Currency traders are reportedly exploiting interventions aimed at propping up the Japanese yen, using each instance as a fresh opportunity to sell the currency short.