Even with a rising stock market, no one wants to let go of their CHF or JPY in favor of USD or EUR. Too much inflation risk means more tightening of fiscal policy, great for annuities but bad for Forex bulls! Keep your powder dry. Do not be fooled into going to crypto's! They will become regulated and the reason for their existence is then gone!
Asian trading shows that there is little confidence so far today with the so called recovery, little movement in CHF and JPY. If I was worried I would be buying CHF and JPY also. Guess what, so is everyone else! Keep your head low!
Another stock sell of sent trader looking for safety in JPY and CHF, small gains are safe but recovery will be slow! Forex traders eat volatility for breakfast, dinner and supper and I am always looking for the menu!