EUR/JPY: Upside opening up on easing N. Korea risks

Analysts at JP Morgan Chase in Tokyo said in its latest note that the EUR/JPY cross remains exposed to upside risks amid easing North Korea tensions.

Key Quotes (via Bloomberg):

“Risk appetite has picked up with US / North Korea summit back on track.

Markets have already priced in Italy risks - EUR/JPY also reacting positively to the rejection of euro-skeptic finance minister candidate in Italy.

Warns on 111 level in USD/JPY - US trade, tariffs policies will prevent moves higher.”