# Four ways North Korea's missile launch over Japan is hitting global markets

> North Korea's ballistic missile launch over Japan sent Asian markets lower and set US stock futures sharply down in early trade. The yen rose against the dollar and other currencies, and gold also moved.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/69681-four-ways-north-korea-s-missile-launch-over-japan-is-hitting-global-markets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Risk-off moves can pressure equities and commodity sentiment, and a firmer dollar can soften US grain and oilseed export prices, though the effect is typically short-lived.

## Read by commodity

- DXY: neutral
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-23 | [FOREX-Dollar on back foot versus yen on North Korea jitters \| Forex Singnal & News](https://feedsoft.ai/events/69176-forex-dollar-on-back-foot-versus-yen-on-north-korea-jitters-forex-singnal-and.md) | +1.2% | +2.3% |
| DXY | 2018-10-03 | [Fresh Blow for Emerging Markets as Rising Oil Hits Importers - Bloomberg](https://feedsoft.ai/events/7667-fresh-blow-for-emerging-markets-as-rising-oil-hits-importers-bloomberg.md) | +0.6% | +2.3% |
| DXY | 2026-04-10 | [Oil Eyes Large Weekly Loss Amid Fragile Iran Peace Hopes](https://feedsoft.ai/events/10139-oil-eyes-large-weekly-loss-amid-fragile-iran-peace-hopes.md) | -0.5% | -0.7% |
| DXY | 2022-02-26 | [Russia attacks Ukraine, black market USD prices increase, gold prices drop by 1 million](https://feedsoft.ai/events/42993-russia-attacks-ukraine-black-market-usd-prices-increase-gold-prices-drop-by-1.md) | +1.2% | +0.5% |
| DXY | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -0.9% | -0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/08/28/four-ways-north-koreas-missile-launch-over-japan-is-hitting-global-markets.html

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