North Korea Preparing For ICBM Launch: Japan Press
Gold spiked and USDJPY tumbled as headlines from Japan’s Nikkei newspaper confirmed US military officials’ observations last night that North Korea is said to show signs of missile launch preparation.
As the Nikkei adds, citing an unidentified Japanese government official, the missile is being prepared for launch has engine for liquid fuel, suggesting missile is an ICBM. It adds that the missile is said to be fueled already, ready for launch. As Japan’s Asahi further notes, the North Korean missile prep may be for a Hwason 14 ICBM and adds that missile prep is said to have started on Wednesday.
The immediate reaction was a risk-off spike in the Yen and dollar.
