Will stimulus by the BoJ result in a substantial enough yen move?

Neptune's Chris Taylor analyses the outlook for Japanese equities as the country's central bank looks to provide additional stimulus this month in a bid to help stem the yen's strong run.

The announcement of the Brexit vote's leave result last month triggered significant market volatility, global risk aversion and strong currency movements across markets. Most notable was sterling's dramatic fall, while the yen surged in value as market participants digested and continue to digest the news and seek perceived safe havens.  In Japan, the Nikkei 225 plunged by 8% on the day of the referendum, while the yen jumped by 13% versus the pound. Since then, Japanese equities have seen a rally, with some near-4% gains last Monday alone as markets benefitted from the clear victory for...