Yen's risks lie with oil, BoJ and FOMC - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank explained that the Yen is supported by mild risk aversion on the back of renewed weakness in oil prices.

Key Quotes:

"This week’s primary domestic risk lies with Friday’s CPI data and BoJ policy decision. No policy changes are expected. Wednesday’s Fed meeting likely presents the greatest near term risk for JPY as we consider its potential impact on the broader market tone.

A less hawkish Fed statement would likely provide for a sizeable surge in risk appetite and thus considerable weakness in JPY."