Risk-on: USD/JPY gains to the 108.00-108.20 area? - Scotiabank

Analysts at Scotiabank explained that the local media are reporting on Kim Jong Un’s possible intention to return to six-party peace talks and North Korea’s Foreign Minister is rumoured to be travelling to Moscow.

Key Quotes:

"The combination of easing geopolitical tensions and softening trade concerns should provide continued weakness in JPY on the back of an unwinding in its recent safe haven strength."

"Specifically, we look to USDJPY gains to the 108.00-108.20 area and a rise in EURJPY back to the 200 day MA above 132."