How with BoJ react if USD/JPY gets below 100? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen outperformed its major rivals, after Japan's government approved a ¥28 trillion stimulus package in another attempt to boost the economic growth and fight deflation.

Key Quotes:

"The package includes  ¥7.5 trillion in new spending, and will be applied over several years. The announcement, which was partially anticipated by markets, fell short of expectations, being far less aggressive than expected, resulting in the USD/JPY plummeting to 100.67, late US session."

"With the pair having extended well below the 61.8% retracement of its latest rally, speculative interest is now targeting 99.98, July 8th low, although with a cautious stance, as nobody knows how the BOJ will react to the pair breaking through 100.00."