Over the weekend there were some positive developments/rhetorics with regard to North Korea denuclearization. USD/JPY liked it, gapped up at the open and went on to the highest level since February. Not much of a move pip-wise but volatility in this pair has been dwindling recently. Volatility invariably expands after such periods, the only question is in which direction. 107.5 is the initial support with stronger one at 50 DMA. 108 is the immediate resistance with 100 DMA a potential target.
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