South Korean envoy talking to reporters 6 March

  • ready for talks if regime safety can be assured
  • Kim Jong Un says goal for denuclearisation has not changed as it was aim passed down for previous generations
  • can discuss as part of agenda in talks with US.
  • SK will pass message on to US
  • NK has promised not to use any weapon against SK
  • NK will suspend provocations during talks
  • NK and SK to hold summit in April at border
  • NK expressed hopes SK US military drills would be managed once situation on Korean peninsula is stabilised

Pass the message onto the US? Best send a DM on Twitter to the Trumpster. He'll be up and tweeting soon.

Hopes of some conciliatory tones sees yen weaken on reduced risk-off/safe-haven play

USDJPY up to 106.45 GBPJPY 147.70 EURJPY 131.77 AUDJPY 82.92 and all underpinning core pairs.

Algo-led I'd imagine so expect some element of fade selling once the dust settles.