If a Brexit does happen, the USD/JPY pair could easily fall below 100 levels and even touch 95, notes BAML FX Strategist Shusuke Yamada.
Huntington Bank CIO John Augustine says markets will remain hostage to the Brexit opinion polls until a decision has been reached.
BNP Paribas' Mirza Baig says BI's 25 basis points rate cut on Thursday is a sign of confidence in the rupiah's strength and stability.
The rally in the Japanese currency doesn't appear to be stopping anytime soon and its strength has traders worried it could quash a struggling economy.
Sterling rallied from a two-month low against the euro, extending gains after British police said British lawmaker Jo Cox died.
The central bank's decision sparks speculation on whether policymakers will intervene to stop the currency's rise.
DBS Bank Senior Currency Economist Philip Wee says central banks will be standing by until the Brexit vote is over.
Some currency pairs are moving in an unusual manner to central banks' decisions, says Macquarie Private Wealth's Martin Lakos.
In a risk-off environment, high-beta currencies will come under a lot of pressure, says Barclary's Mitul Kotecha.
WisdomTree Japan KK's Jesper Koll, Schroders Investment Mgmt's Rajeev De Mello and Barclays' Mitul Kotecha discuss why the USD/JPY pair is falling.
The BOJ will keep expanding the monetary base at an $760-billion annual pace and applying an -0.1 percent rate to balances at the central bank.
Barclays' Mitul Kotecha explains that the BOJ will not make a rate move Thursday because further stimulus will not likely help weaken the yen.
The Fed's decision to stand pat might take the pressure off the dollar and support risk appetite, notes CCB Intl Securities' Mark Jolley.
The Bank of Japan must decide against a conflicting backdrop of domestic economic weakness and global geopolitical risks.
The BOJ will likely wait for the Brexit vote to pass and for some clarity on Fed rate timing, UBS senior economist Daiju Aoki says.
Saxo Bank Group's Adam Reynolds expects the BOJ to make a move this week, but he adds that the response might not necessarily weaken the yen.
The BOJ is likely to wait for global developments to unfold before making a rate move, says BK Asset Management's Kathy Lien.
Gold stayed near its highest in almost six weeks on Tuesday as worries about a potential British exit from the European Union.
Could the Bank of Japan surprise markets this week, amid uncertainty coming from both the Fed and U.K. referendum’s debate? Freya Beamish, economist at Lombard Street Research, weighs in.
The negative rates policy won't work because Japanese consumers and firms are not inclined to boost consumption, says UBS WM's Kelvin Tay.