S. Koran Official:’ Our government position is firm, Kim Jong-un is alive and well’
Speaking on Sunday, Moon Chung-in, Special Adviser on National Security to South Korea's President Moon Jae, said that the North Korean leader Kim Jong-Un is alive and well, putting at rest all the rumors about the dictator’s death.
The official said: "Our government position is firm, Kim Jong-un is alive and well."
N. Korea's official Rodong Sinmun newspaper reported on Monday that Kim had sent a message of thanks to workers on the Wonsan Kalma coastal tourism project.
Market reaction
The above headlines end the uncertainty over Kim Jong-Un’s health condition and therefore the Asian markets remain in a better mood, as the US dollar extends Friday’s losses against its main competitors.
USD/JPY holds steady around 107.50, as the focus shifts to the BOJ monetary policy decision. AUD/USD tests eight-day highs near 0.6440 despite poor Chinese Industrial Profits data.
Meanwhile, USD/KRW keeps its recent range trade intact around 1,235 levels, as the bulls consolidate before the next push higher. Last Monday, the cross spiked to three-week highs above 1,240 on chatter about Kim’s likely death due to sickness.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
