Yen goes up after North Korea missile test

Yen goes up after North Korea missile test

On Tuesday, the Japanese yen rallied after North Korea announced it had successfully tested an intercontinental ballistic missile, thus cooling risk appetite, while the Australian dollar edged down after the country’s key bank kept to a neutral stance on monetary policy.

The currency pair USD/JPY slid 0.48%, trading at 112.83, drifting away from the seven-week peak of 113.46 hit on Monday.

South Korea’s military along with Japan’s authorities confirmed that North Korea had launched an unknown ballistic missile that landed in the Sea of Japan. Japan protested and labeled it as a pure violation of UN resolutions.

The missile was launched just a couple of days before leaders of the Group of 20 nations are expected to discuss steps to tame North Korea’s weapons programs.

The Japanese grew versus the common currency and sterling, with EUR/JPY sliding 0.39%, and GBP/JPY losing 0.26%.

On Monday, positive American manufacturing data backed expectations for another rate lift by the Fed.

 

Similar

Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…

Popular

Yen climbs up in Asia trade

On Friday, the Japanese yen leapt in Asia on safe-haven demand because political turmoil in Brazil reached risk sentiment and financial markets became cautious ahead of the weekend…

Pound tumbles vs yen

On Tuesday, the British pound sank versus the Japanese yen after a suspected terrorist attack at a concert in Manchester, while the common currency hovered close to a six-month peak versus the greenback after German Chancellor Angela Merkel told that the…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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