Home North Korea Threatens To Attack – South Korea Reinforces
Forex Bits

North Korea Threatens To Attack – South Korea Reinforces

While there’s quiet on the Korean front, tension remains very high. South Korea will add troops on the 5 islands west of the peninsula that border North Korea, including Yeonpyeong that was the scene of the incident on Tuesday. The South Koreans will allocate a big budget for this.

And the North Koreans don’t remain quiet – they threaten to retaliate to a South Korea’s “path of military provocation” as they say. There’s still no news about who is leading the Northern country – the rumors about the death of Kim Jung Il weren’t denied…

USD/JPY is still trading in the wide 82.87 to 84.11 range as Americans enjoy the Thanksgiving holiday.

More about recent events in the BBC article.

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.