The yen has received a boost as a CNBC...>

DOLLAR-YEN: The yen has received a boost as a CNBC source story noting that

"negotiators for the U.S. and Mexico failed to reach a deal during their

Wednesday meeting" surprised investors. As a reminder the U.S. is currently set

to impose 5% tariffs on all Mexican goods. Worth noting Fox reports that U.S.

Sec of State Pompeo is going into a meeting with his Mexican counterpart.

- The CNBC piece came out after Wednesday saw some optimism re: U.S.-Mexico

trade relations, with White House trade adviser Navarro stating that tariffs may

not have to go into effect.

- USD/JPY last deals at Y108.24, 22 pips lower on the day. A dip through Y108.00

would open up Y107.82/77, which represent Wednesday's multi-month low/lower 1.0%

10-DMA envelope. Bulls look for a break above Y108.49, where the rate peaked on

Wednesday, before attempting a run at Y109.00.

- This comes after Wednesday saw the rate climb in the London morning before it

dropped to Y107.82 after a particularly disappointing U.S. ADP employment print.

However, subsequent recovery allowed it to finish 31 pips better off.

- BoJ Gov Kuroda speaks later today.