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The historical meeting between U.S. president Donald Trump and N.K. leader Kim Jong-un went fairly well, with Kim confirming "unwavering commitment" to denuclearise. That will take time of course but should nevertheless provide some tailwind for risk trades. USD/JPY looks bullish just above 200 DMA, ahead of the U.S. CPI report coming up in the afternoon.
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Bank of Japan on hold, North Korea to denuclearize
BOJ keeps monetary policy on hold. My guess is that, for now, they'll just proceed with small off-meeting tweaks (tightenings) and save regular meetings for any bold decisions (easings). What moved USD/JPY overnight was news of North Korea steps to commit to denuclearization and thawing of the relationship with the U.S. Trump is said to accept Kim's invitation for a meeting. It shouldn't be too much of a surprise if the two go on to become best friends after all.