USD/JPY: focus stays on Geopolitical risks and the spread - Scotiabank

Analysts at Scotiabank explained that JPY is up vs. the USD and a mid-performer among the G10 in an environment of broad-based USD weakness. 

Key Quotes:

"Spreads appear soft, with signs of a renewed (JPY-supportive) narrowing following Tuesday’s plunge."

"Geopolitical risks remain in focus as market participants assess the implications of North Korea’s latest threats."