USD/JPY marching higher in early EU session

USD/JPY has posted a fresh seven-day high earlier, almost reaching 102.50. Worries about geopolitical tensions have decreased and global equity markets are up, supporting the present risk-on bias. Supply from local exporters have slowed momentum a bit, but a break above the 50 level is just a matter of time and stops from 55 to 65 should help a bit. Next intraday resistance at 102.80 and solid selling interest from various names pre-103.00.

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