US assesses North Korea has launched at least one short range projectile – CNN

Anil Panchal FXStreet

Having heard from Yonhap about North Korea’s firing of unidentified projectile near Wonsan, CNN gave the details of the projectile confirming it from the US defense official.

The news report mentions that North Korea has launched at least one short-range projectile. The launch appears to resemble the May 2019 firing of two short-range missiles, which traveled approximately 260 miles.

South Korean Joint Chiefs of Staff was also quoted in the report saying, “Our military, in preparation for additional launches, is maintaining (its) readiness posture by monitoring related movements”.

FX implications

If the news right, the latest peace between the US and North Korea could be broken and may positively affect the safe havens like the Japanese Yen and Gold.

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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