“We’re in uncharted territory in front of the Brexit vote, and then there’s also the Fed this week. “The continued surge of the yen will lift expectations that the BOJ may surprise the markets and announce some additional monetary easing.” Instead, the worry is that the Fed could use language that quells expectations of a move this year at all. Moves in Europe, where investors have been preparing for the British vote for months, were only slightly more subdued. Traditionally investors’ first choice in times of financial and economic stress, the yen climbed 1 per cent against both the dollar and euro.

Source: Indian Express June 13, 2016 11:03 UTC