JPY has recovered from worst levels that......>

FOREX: JPY has recovered from worst levels that were hit in early dealing

following the announcement that US President Trump is set to meet with North

Korean leader Kim. USDJPY ran out of steam in front of 107.00 and last trades at

106.60. The BoJ stood pat as exp. with focus on Kuroda's presser. There is some

USD 1.15bln worth of option expiries at 106.50 today.

- EURUSD continued to operate around 1.2300 with a report suggesting that the

ECB's calculations on the path of MonPol assume asset purchases totalling EUR

30bln in Q4. Notable EURUSD option exp. for EURUSD on Friday include $1.2200

(1.79bn), $1.2300(1.63bn), 1.2350(1.9bn).

- GBP was pressured by a story noting that UK off'ls are said to see no Brexit

deal until next year, although it trades off of worst levels vs. USD & EUR.

- AUD & NZD operated in a limited range.

- USDCAD printed < 1.2900 at one point on confirmation that Canada will receive

an indefinite exemption from Trump's tariffs (contingent on NAFTA progress),

USDCAD last trades at ~1.2905.