USD/JPY bounces-off 99 mark, BOJ intervention on cards?

USD/JPY’s retreat from ahead of 105 handle gained further traction, with the rate smashed over 500-pips to the lowest levels since Nov 2013, as the latest vote count showed Leave at 8,119,504 and Remain with 7,592,500 votes.

For Brexit, the Leave camp requires 16mln votes, which means they are half way through already.

The major quickly bounced-off 99 handle and now recovers beyond 101.50 levels as markets are expecting some BOJ intervention, in wake of the latest sharp appreciation in the yen.