Yen sags on hopes for easing US-North Korea…

'It's not a theater': Opinions split on whether Trump has skills to pull off a deal with Kim

In a Tweet Thursday night, Trump hailed the prospect of meeting face-to-face with Kim to forge a path to peace on the peninsula.

"Why put him on the same stage of the president?" he asked.

The agreements, which follow a flurry of cooperative steps taken by the Koreas during last month's Pyeongchang Winter Olympics, brightened prospects for a dialogue between North Korea and the U.S. over the North Korea's nuclear programme.

Trump welcomed the move as "very positive", though Vice President Mike Pence said the USA position towards North Korea would not change "until we see credible, verifiable, and concrete steps toward denuclearization".

Kim responded by calling Trump a "mentally deranged USA dotard".

In the last two decades, they have been engaged in what is perhaps the world s most risky nuclear standoff, with 30,000 U.S. military personnel stationed just over the border in the South.

The remark by White House press secretary Sarah Sanders came a day after Trump accepted North Korean leader Kim Jong-un's invitation to a summit on the regime's denuclearization.

China is North Korea's largest trading partner and sole major ally, though overall trade has fallen in recent months as United Nations economic sanctions take effect.

Britain: Britain will keep up pressure on North Korea even as it welcomes progress towards talks between its Kim Jong Un and Trump, a spokesman for British Prime Minister Theresa May said.

More news: 'Personal insults' behind Warner-De Kock row

The North Korean dictator offered the concessions after suffering sever economic sanctions by the USA and allies, including China, that the administration calls a "maximum pressure campaign". "Certainly, it is required to normalise the situation around the Korean peninsula".

Japan, a key regional ally, hailed the Thursday summit announcement which it said was "on the premise of denuclearisation", but added there would be no let up in the diplomatic pressure on Pyongyang.

U.S. officials said Pyongyang had scrapped secretly planned talks at the last minute after Pence denounced abuses from North Korea's "murderous regime".

Germany: German Chancellor Angela Merkel hailed the surprise announcement of a summit between Trump and Kim Jong Un as a "glimmer of hope". But he stressed that China would continue to maintain sanctions on North Korea until a political settlement was reached.

Hours before the news broke, Tillerson had said direct talks between the U.S. and North Korea were still in the distant future.

As tensions increased, Trump and Kim traded insults.

The latter acknowledgment marked a significant shift for the Kim regime.

"There are a lot of potential exemptions, so I think safe haven flows into the yen have abated", said Roy Teo, investment strategist for LGT Bank in Singapore. "An American President visits Pyongyang, compelled by North Korea s nuclear and missile programs".

A senior State Department official said the talks would likely only be a preliminary discussion about holding future negotiations.

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