The Swiss franc is still floating independently and the exchange rate is rising. It didn't fall back until the early 1980s. With the continuous surplus of Switzerland's balance of payments and the continuous increase of gold foreign exchange reserves, the reputation of Swiss franc is increasing day by day, and its position in the international financial market is gradually strengthened, becoming one of the major international reserve currencies. The reason why the Swiss franc has been strong for a long time is that Switzerland has always remained neutral, its domestic political and economic situation is stable, and it is rarely affected by the war. In addition, Switzerland adopts strict security measures for foreigners' deposits in China, making Switzerland a "refuge" for international hot money, which is conducive to attracting a large number of foreign funds and strengthening the status of the Swiss franc.
The Swiss franc has been the most stable currency in the last century and has long been regarded as a safe haven currency, so Switzerland has almost always had zero inflation and its currency relies on 40% of its gold reserves.
The yen should be too cheap to fall.