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Fox News spread out a news report conveying comments from the US Defence Secretary about China, North Korea and Iran during early Thursday morning in Asia.

Key quote

  • China continues stealing US technology secrets.
  • US will wait and see about Iranian ship.
  • North Korean long-range missiles has been our biggest concern.

FX implications

Such comments from the US Defence Secretary generally weigh on the market’s risk tone and help the safe-havens like the Japanese Yen (JPY) and Gold.