[mamelukesabre]

WHAT?!

Are you telling me little tiny switzerland has enough money to buy foreign currency in such huge amounts that it will drive up the value of the foreign currencies?

That doesn’t seem possible.

[Vigilanteman]

Switzerland is nowhere near as big as Japan by any measure. Japan's foreign currency buying has mixed success, at best. But any country is perfectly capable of manipulating their own currency through buying and selling, particularly when they consistently rank near the top of the world in per capita GDP, as Switzerland does.

Even those at the bottom of the dung heat can manipulate their own currency value by inflation printing, Zimbabwe being the current poster child in that regard.