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The dollar was higher against the yen on Tuesday after the historic summit in Singapore where U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work towards denuclearization on the Korean peninsula.
USD/JPY was up 0.21% to 110.27 by 03:56 AM ET (07:56 AM GMT), near an overnight high of 110.48, the most since May 23.
Market sentiment was boosted after Trump said the process of denuclearization would happen “very, very quickly”, adding he had formed a “special bond” with Kim and the relationship with North Korea would be very different.
Both leaders were set to hold a press conference later in the day.
The euro edged up from overnight lows, with EUR/USD last at 1.1794.
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