A Swiss rate cut dents the franc and Europeans go shopping — it's time for your FX Fix.
As other currencies look more risky, could the yen become a safe haven? Simon Smith, chief economist at FxPro thinks not. "Things turn quite quickly when investors lose confidence... you know that that's coming at some point (in Japan) and do you want to be in front of that steamroller when it happens?" he told CNBC.
Analysts are predicting that Japan will intervene to slow down the yen as early as this week.