USD/JPY drops on fresh rhetoric from North Korea

Comments from the foreign minister

  • Foreign minister says Trump’s comments over the weekend were clearly a declaration of war
  • The international community should clearly remember it was the US that declared war on North Korea
  • North Korea says it has the right to shoot down US strategic bombers even if they are not in North Korean airspace
  • Since the US declared war, we have every right to take countermeasures

We’ve heard this kind of talk before but the words ‘North Korea’ and ‘war’ in a headline are the kind of thing that really sets off the algos.

«The whole world should clearly remember it was the U.S. who first declared war on our country,» Foreign Minister Ri Yong Ho told reporters in New York.

«Since the United States declared war on our country, we will have every right to make countermeasures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country.»

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