Earlier on Thursday morning in Asia, South Korea’s Yonhap came out with a news report quoting the Joint Chiefs of Staff that Democratic People’s Republic of Korea (DPRK), popularly known as North Korea, had launched an “unidentified projectile” from the area of Wonsan, a city on the country’s eastern coast.
More to come”¦
FX implications
Such actions often trigger risk-off sentiment, which in turn can be cited for the USD/JPY pair’s latest pullback.
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