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North Korea – Situation Stabilized

After the incident in the island of Yeonpyeong, the US committed to safeguard its ally, South Korea. Both China and the US agreed that North Korea’s violence is an unwanted action.

There’s still no confirmation or denial from North Korea about the rumored death of Kim Jung Il.

The US did however mobilize the U.S.S. George Washington but claims that the aircraft carrier’s move was planned, and that it’s a part of the drill. The carrier is based in Japan, together with the 7th fleet.

Japan has also lowered its rhetoric. USD/JPY is at 83.13, still within the range. See more technical levels in the USD/JPY forecast.

South Korea is still in a high level of alert, and the island is still without electricity at the time of writing.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.