Japanese yen soars on tensions in Korean peninsula

Japanese yen soars on tensions in Korean peninsula

On Wednesday, the evergreen buck weakened versus the Japanese yen on worries about growing tensions between America and North Korea while the Canadian dollar was firm after the nation's key bank chief supported an interest rate lift.

The US dollar lost 0.3% during early trade, fetching 112.95 yen and drifting away from Monday's 1-1/2-month peak of 113.48.

The Japanese yen tends to be bought back following global uncertainty as Japanese investors might dare to repatriate their foreign investment notwithstanding Japan’s proximity to North Korea.

On Wednesday, Pyongyang announced it had successfully tested a newly developed intercontinental ballistic missile, capable of carrying a large and heavy nuclear warhead, thus triggering an immediate call by Washington for global action to hold the isolated regime accountable for its ongoing pursuit of nuclear weapons.

As for the Canadian dollar, it held firm enough, showing C$1.2934 per dollar, having reached a 10-month peak of C$1.2912 to the greenback on Tuesday.


Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera