Over the week-end, U.S. navy ships remained near the Korean Peninsula in a show of force. Also, North Korea attempted to launch a test missile, but the move failed when the missile exploded about 5 seconds after launch.
We expect to continue to see pressure on the USD/JPY because of the uncertainty over whether the situation in North Korea will escalate into military action. If this uncertainty continues to grow then look for increased demand for the Japanese Yen. Happy Forex Trading
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