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

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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