# North Korea just fired a missile right over Japan — but here's why the yen is rallying anyway

> North Korea launched a ballistic missile that passed over Japan, which Prime Minister Shinzo Abe called an unprecedented threat. Despite this, the yen strengthened against the dollar, falling to about 108.32 per dollar, while the South Korean won weakened.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: geopolitics · region Japan · magnitude low
- Page: https://feedsoft.ai/events/69679-north-korea-just-fired-a-missile-right-over-japan-but-here-s-why-the-yen-is
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Safe-haven flows into the yen and funding-currency unwinds affect the dollar-yen rate that feed buyers watch for import costs, while geopolitical risk can lift volatility across commodity markets.

## Read by commodity

- USDJPY: bearish ▼
- USDKRW: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2017/08/28/north-korea-just-fired-a-missile-right-over-japan--but-heres-why-the-yen-is-rallying-anyway.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.