The JPY softened following comments out of....>

FOREX: The JPY softened following comments out of North Korea, which suggested

that the state is still more than willing to meet with the US despite Trump

calling off the summit that was scheduled for 12 June. USDJPY last trades at

109.60, but never really threatened the 21-DMA at 109.78. There are notable

option expiries at 110.25-30 & 110.50 today.

- The USD was stronger in the main as US yields edged higher on the North Korea

headlines, although ranges were generally tight.

- GBPUSD has edged lower in Asia-Pacific dealing as reports suggested that the

latest round of Brexit discussions have yielded little in the way of

breakthroughs, with no movement noted re: the major hurdles in discussions.

Elsewhere BoE Gov Carney was cautious re: Brexit, offering little new in terms

of insight into MonPol.

- German IFO, UK GDP & US Uni. of Michigan hit on Friday. We will also get

comments from Fed Chair Powell, Bostic, Kaplan & Harker and ECB's Praet, while

BoE Gov Carney & ECB's Coeure share a panel discussion.