Just hours after North Korea fired a ballistic missile across Japan, South Korea has released footage of its testing of a new ballistic missile, in a show of "overwhelming force."
While The White House has yet to respond to North Korea's provocation, South Korea's Blue House has stated that:
"We are considering the development of strategic assets in the US and we will consult with the United States."
Background here.
By Kristen Breitweiser, one of the four 9/11 widows – known as the “Jersey Girls” – instrumental in forcing the government to form the 9/11 Commission to investigate the 2001 attacks. Follow Kristen Breitweiser on Twitter: www.twitter.com/kdbreitweiser.
While we await Donald Trump's response to the second consecutive North Korean provocation in four days, both on twitter and elsewhere, South Korean President Moon Jae-in has already ordered his troops to demonstrate their capability for "strong retaliation" and put on a show of "overwhelming force", after his office convened a National Security Council session.
Dow futures down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea's 'successful' firing of a ballistic missile across Japan.
Gold futures spiked to $1325 as USDJPY plunged...
The USDJPY is tumbling on the news... Breaking below 108.50, a break of April's 108.12 may require more than a little help from Kuroda and friends.
Japanese equity market futures plunged to 4-month lows...
And VIX futures are snapping higher...
Live Feed from NHK (in Japanese)
http://www3.nhk.or.jp/news/realtime-parts/player-live.html
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Update 4: S.KOREA MILITARY IS RAISING ALERT AFTER N.KOREA MISSILE: YONHAP
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Update 3: According to Richard Haass, president of the CFR, the "N. Korea missile test over Japan will stimulate missile defense buildup as well as intensify consideration of preventive military action"