USD/JPY: watching Jackson Hole as Kuroda books his flights - Scotiabank

In respect to USD/JPY, analysts at Scotiabank explained that domestic developments have been limited, and there are no fundamental releases ahead of Friday’s CPI.

Key Quotes:

"BoJ Gov. Kuroda is said to be attending the Jackson Hole conference this week, increasing the potential for JPY-negative headlines as we note the building expectations for easing at the September meeting. Both officials and policymakers have spoken to the risk of further easing, with Gov. Kuroda’s Monday comments hinting to the potential for deeper negative rates ... "