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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