Strait of Hormuz, Yen Carry Trade & the U.S. Dollar

Global markets are being pulled in several directions at once.

In this edition of The Swiss View, Jess Roberson and Urs Droese discuss the continued uncertainty surrounding the Strait of Hormuz, the Japanese yen carry trade, the relationship between Japan and U.S. Treasury markets, central-bank policy, gold, and the recent strength of the U.S. dollar.

They also examine the Swiss franc and why short-term currency movements should be considered within a much longer-term economic picture.

Recorded August 12, 2026.

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