Japanese Defense Ministry: North Korean projectiles didn’t make a direct impact on Japan

North Korean projectiles didn’t make a direct impact on Japan.
North Korea has so far made no comments on the issue.

Japanese Defense Ministry as confirmed that the North Korean projectiles didn’t make a direct impact on Japan, yet the White House confirmed that Washington was aware of the N.Korea projectiles launch reports and are monitoring the situation.

The news today first came through South Korea's military which was quoted by the Yonhap news agency that North Korea had fired multiple unidentified projectiles off its east coast from the Hodo peninsula on Wednesday morning local time. This was according to South Korea's Joint Chiefs of Staff (JCS) says, according to Yohnap.

North Korea has so far made no comments on the issue. Last week, North Korea fired two short-range missiles, according to the JCS. Both missiles reportedly travelled about 430km (267 miles), reaching an altitude of 50km, before falling into the Sea of Japan, also known as the East Sea. Pyongyang has voiced anger over planned military exercises between South Korea and the US, an annual event. The North warned they could affect the resumption of denuclearisation talks.

FX implications:

The market is far more focussed on the Federal Reserve and trade talks this week, with a slew of key US data that has already started to hit the markets with last nights inflation data from the prices for Personal Consumption Expenditures which continues to fall in below the Fed's 2.0% target which will give policymakers political and economic cover if they choose to cut interest rates today. The PCE rose by just 1.35% in the 12 months to June. The Dollar has been on the backfoot and markets are sitting tight awaiting the outcome. However, on any escalation in the tensions between Japan, NK, US and SK, USD/JPY will likely extend further to the downside on risk-off flows.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.