Japanese helicopter money on the way? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen shed around 1% against the greenback at the beginning of the day, down on improved risk sentiment as things seem to be settling in the UK, whilst Japanese authorities continued fueling speculation of a new round of stimulus coming soon.

Key Quotes:

"Etsuro Honda, a key advisor to Prime Minister Abe, said that they discussed the possibility of the government issuing non-marketable perpetual bonds with no maturity date which the BOJ could purchase directly, a form of "helicopter money." The USD/JPY surged up to 105.93, with intraday retracements holding above the critical 105.00 level."