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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.”