The Japanese yen declined today from its recent high values against the U.S. dollar, pound and euro as the global stock markets gained and the high-yielding assets looked more attractive than on the last week.

The yen was joined by another low-risk currency — the Swiss franc. They both started this week with a decline against the more risky currencies after Fed spurred investors’ activity in U.S, Europe and Asia. Good news from U.S. housing sector also added some confidence to the risk-hungry investors.

Both yen and franc are used to borrow low cost money and are converted into the other currencies in order to buy U.S. and European stocks for dollars, pounds and euros.

The increased confidence restored some of the carry trade orders, making yen and franc depreciate also against the Australian and New Zealand dollars.

The USD/JPY rate increased 1.2% from 99.51 on today’s opening and is trading at 100.71 as of 18:14 GMT. USD/CHF rose from 1.0121 to 1.0214 today — that’s almost 0.9% of a daily growth.

If you have any questions, comments or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.