Asia

Authored by Bryan McBride via Mises Canada,

Is Korea just a smokescreen?

President Donald Trump’s 12-day Asia tour kicked off in Japan last night, where discussions between Trump and Japanese Prime Minister Shinzo Abe were punctuated by the deadly mass shooting that claimed 26 lives in a small-town Texas church. But not before Trump could engage in some customary saber-rattling aimed at his favorite verbal sparring partner, North Korean leader Kim Jong Un.

President Trump is up bright and early in Asia this morning and just unleashed two rather pointed tweets in the direction of Saudi Arabia.

Having commented during the day on the success of America's missile-defense system in the attack on Riyadh that was intercepted, President Trump had been quiet on the 'civil war' going on among the elites... until now:

I have great confidence in King Salman and the Crown Prince of Saudi Arabia, they know exactly what they are doing....

The first stage of Donald Trump’s five-nation tour of Asia began well with the President playing golf with Prime Minister, Shinzo Abe, describing their relationship as “really extraordinary”.

As European markets closed this morning, all bids disappeared from USDJPY and the pair dropped back below 114.00. In its mirror-like manner, gold reflected this tumble and surged above its 100-day moving average over $1280.

As USDJPY rolled over so Bitcoin hit an airppocket at the european close...

Remeber, Japan is currently the most active market for Bitcoin, so one wonders if this is some pre-saging of a general crackdown - despite all signals pointing the other way in Japan.