1. Japanese yen. Japanese investors have large assets abroad and will repatriate their funds. As a result, demand for the yen will increase and it will strengthen despite the Bank of Japan’s efforts to limit its strength.
2. Swiss franc. Risks for the euro area will remain negative maintaining demand for the franc as a safe haven.
3. US dollar. Demand for American currency will be high because of the lacking good investment opportunities in other markets, especially emerging.