The missile that the North Korea fired was in the air for around 40 minutes, a very long time. This is not the first missile test and probably not the last. What is different now is the announcement coming out of Pyongyang, saying that it was an Intercontinental Ballistic Missile (ICBM), ordered by Kim Jong Un. Thr authorities in the autocratic country say the missile reached a maximum altitude of 2800 kilometers and that it could reach any place in the world. Experts say it could reach Alaska if it is fired in a different angle. Can it reach the West Coast of the US? In any case, the level of threat is higher. The timing is quite provocative: the 4th of July, America’s Independence Day. President Trump already warned the North Koreans. Will we see an escalation? It also comes after a meeting between Chinese President Xi Jinping and his Russian counterpart Vladimir Putin. Both countries have borders with the country. USD/JPY falls – risk off The Japanese yen enjoys flows in times of trouble, regardless of where the trouble comes from. In this case, the issues come from Japan’s neighborhood. While the news is that the ICBM could reach Alaska, Japan is much closer to the line of fire. However, money flows into Japan and strengthens the yen. That is how markets work. UDS/JPY is trading at 112.80, after reaching a low of 112.74. The pair erased its previous gain. The optimism that had prevailed in markets and the strong US data sent dollar/yen all the way to 113.47 yesterday. Here is the chart, showing the big reversal: 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Roadblocks Ahead; Fade Strength – Barclays Yohay Elam 6 years The missile that the North Korea fired was in the air for around 40 minutes, a very long time. This is not the first missile test and probably not the last. What is different now is the announcement coming out of Pyongyang, saying that it was an Intercontinental Ballistic Missile (ICBM), ordered by Kim Jong Un. Thr authorities in the autocratic country say the missile reached a maximum altitude of 2800 kilometers and that it could reach any place in the world. Experts say it could reach Alaska if it is fired in a different angle. Can it reach the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.