Crude Oil Weakness Weighed on Stocks; BOJ Awaited

Risk sentiment softened as investors await the BOJ meeting. USDJPY slipped to a 2-week low of 103.42 earlier today amidst concerns that BOJ would disappoint by delivering less than expected stimulus. Recovery was then seen as a Reuters report suggested that the Abe government has pressured the central bank to consider certain easing.

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Crude Oil Weakness Weighed on Stocks; BOJ Awaited