JPY’s risk profile is critical - Scotiabank

Analysts at Scotiabank explained that JPY’s risk profile is critical in this environment of broad-based risk aversion, given its role as a safe haven currency and tendency to strengthen in periods of uncertainty.

Key Quotes:

"Risk reversals are showing an impressive rise in the premium for protection against near-term strength, and yield spreads have tightened in a JPY-supportive manner. Domestic labor cash earnings data are scheduled for release at 7pm"