Side Note for your further learning of international financial markets:
Exchange rate of Canadian dollars for Japanese yen (99% of Japan's oil is imported) is 85% correlated with crude oil prices
Additional Side Note:
Note in addition that when oil is bullish in the forward looking, one cannot reasonably expect oil related stocks to be sold off anymore. Furthermore, why then would the local banks be considered of risk in the exposure to the oil and gas sector companies in 2H-2016 and 2017? Markets will just rally them to the sky and talk later because risks are removed in the forward looking market. Any one who shorts on gloomy news will end up being the biggest fools.