North Korea fired unidentified projectile from around Wonsan – Yonhap

Anil Panchal FXStreet

Earlier on Thursday morning in Asia, Yonhap came out with a news report quoting South Korea's Joint Chiefs of Staff that Democratic People's Republic of Korea (DPRK), popularly known as North Korea, had launched an "unidentified projectile" from the area of Wonsan, a city on the country's eastern coast.

More to come…

FX implications

Such actions often trigger risk-off sentiment, which in turn can be cited for the USD/JPY pair’s latest pullback.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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