Yen Strengthens Amid Nervous Mood Ahead of FOMC, BOJ Decisions

0106 GMT—Yen strengthens against U.S. dollar and other G-10 and Asian currencies amid a nervous mood ahead of the FOMC and BOJ decisions this week. Elevated volatility in the yen is expected to persist given these central banks’ meetings, says Carol Kong, economist and currency strategist at Commonwealth Bank of Australia, in a research report. AUD/JPY is vulnerable to a sharp decline if the FOMC’s decision scares markets over U.S. economic prospects and weighs heavily on equities, Kong adds. AUD/JPY falls 0.3% to 95.88; USD/JPY drops 0.5% to 141.65; EUR/JPY...