Morgan Stanley Securities: if Britain left Europe / JPY or rose 15 yen.

Morgan Stanley report said that if the British out of the EU referendum result, the Bank of Japan may, after coordination with other central banks in major countries and regions announced before the July meeting to increase stimulus. More likely to expand the scale of asset purchases with respect to further cut interest rates.

If UK June 23 referendum result is “stay in” the European Union, then the dollar / yen may rise 100–150 day. dollar, while sterling / yen may rise 5 yen. And if it is out of the EU, GBP / JPY may fall 5-10 yen, the dollar / yen may fall 2-4 yen; in some cases, the dollar / yen or 100 yen temptation.

Source: Wall Street CN