The Swiss Franc (CHF) is emerging as a safe haven amid the global government bonds sell-off, showing a surprising comeback against an otherwise firm US Dollar (USD) this week, as Switzerland's sound fiscal position stands out with government debt escalating amid the world's leading economies.
The USD/JPY pair edges lower during the Asian session on Friday, currently trading below the 158.00 mark, though it remains near the weekly high touched the previous day.
Tokyo's core inflation rate, which leaves out fresh food, jumped to 2.7% in September from 1.8%, against a 2.4% forecast. Prices excluding food and energy rose a full point to 3%, so the jump goes beyond fuel bills.