North Korea may have fired a ballistic missile

Japan’s Coast Guard says North Korea may have launched a ballistic missile

Newswires carrying the report 


  • South Korea Joint Chiefs of Staff confirming  – say an unidentified projectile has landed in the East Sea (which is off the coast of the Korean peninsula) 
  • the missile did not enter Japanese territory nor its Economic Zone

Tensions on the Korean peninsula (such as nutjobs launching ballistic missiles) can be a positive for haven flows, USD, yen for example. Kim Jong Un may have cried wolf one too often though …. little FX response of note. 

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