Japan executives saw Yen gaining most in 2016 even before Brexit - BBG

Bloomberg reports, some 57% of more than 100 traders, strategists and corporate treasurers that polled at its seminar in Tokyo on June 14 expected the Japanese currency to stand out as the strongest performer against the greenback this year, while 15% chose the Swiss franc and 12% picked the Australian dollar. 

Further, 76% of respondents expected further Bank of Japan (BOJ) easing in 2016, the potential for the US to raise interest rates was cited as the biggest issue likely to affect the yen.

Other survey responses included:

80% expected yen to range between 100 and 120 by year end; 17% said it would appreciate beyond 100.

A majority said the current foreign exchange environment is more volatile than usual; one in five saw volatility about average 

52% said biggest foreign exchange challenge for Japanese companies is managing currency exposure