Dollar remains in its trough against the yen - BBH

Research Team at BBH, suggests that if there is one currency that appears not to have been told about the shift toward the UK remaining in the EU is the Japanese yen.  

Key Quotes

“The dollar remains in its trough against the yen. Despite the outside session (engulfing pattern in candlesticks), there has been no follow through dollar buying. It now looks like yesterday's punch through JPY105 exhausted the move.  Now the greenback is struggling to get back above JPY104.60.   If a risk-on follows a UK decision to remain in the EU, the yen looks rich.”