USD/JPY: Recovery stalls ahead of 105, Remain continues to swing

USD/JPY’s bounce from August 2014 lows met fresh supply ahead of 105 handle, as sentiment turned sour after  the Leave voters took back control, with Remain not as strong as being seen before.

The latest vote count now for Remain stands at 49.9% versus 50.1% for Leave (109 out of 382 areas counted).

Last hour, we saw the major areas favouring the Remain camp, taking the vote count for Remain at 50.5% after 90 out 382 areas were counted.

The sentiment is expected to be largely impacted by the exit vote results, with yen markets likely to witness further wild swings in the day ahead.