How JPY react on last North Korea missile and bomb tests

15.09.2017 / 03:09

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The Japanese yen once again proved its quality as a safe haven tool. North Korea's determination to continue the development of nuclear weapons and delivery systems gave the yen a great deal of power, with only a few minutes after launching the missile, the yen had risen by 0.25%. The yen had fallen over the past few days, giving confidence to investors in the stock market, but after another North Korea test, the bulk of the USD/JPY growth was blunted.

On the graph we can see how the safe haven tool is moving towards North Korea's attempts. In the first hours after the launch, we expect the yen to adjust the initial impulse, and then to resume its move toward appreciation.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Varchev Traders

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How JPY react on last North Korea missile and bomb tests

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