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

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

Is Inflation Defeated?
Is Inflation Defeated?

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

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.

Callback

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