| Strategists forecasting the yen will post its first annual gain since 2011 are standing their ground in the face of a rout driven by speculation the Bank of Japan (BoJ) will expand record stimulus.
The yen remains this year’s strongest major developed currency even after a 2.3% tumble this month following Ben S Bernanke’s visit to Tokyo last week, which spurred speculation the BoJ would directly finance government debt - a policy known as helicopter money. The yen climbed the most in almost a month last week after BBC Radio 4 broadcast an interview with Governor Haruhiko Kuroda, that was recorded on June 17, in which he said there is no need and no possibility of introducing such a policy...............................................Full Article: Source
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