Kim Jong Il is at it again as North Korea fires off more missiles!
By Sean Hyman | May 26, 2009
While we had Memorial Day in the U.S., North Korea was firing off missiles and testing a nuke! Even as late as this morning, they were still firing off missiles.
They continue to defy U.N. warnings against such activity. So they will undoubtedly suffer sanctions from many countries of the world.
I’m sure what they hope for is the ability to sell weaponry to other evil governments that will help to offset the strain that the sanctions put on them.
Then, once again, they will probably do like before and “promise to be good boys” while they have their fingers crossed behind their backs.
You can’t “reason” with evil and therefore you can’t reason with Kim Jong Il.
He’s a confused puppy. He wears glasses that only Elton John could love…and wears his hair like Elvis! He tries to poof his hair up as much as he can to help to compensate for height.
So if Obama, the U.N. or any others think they can “truly” reason with him and bring about long term change, they are kidding themselves.
Therefore, expect for there to be surprises in the currency market here and there as they point missiles towards Japan and towards South Korea. Expect it to gyrate the yen and won from time to time.
However, ultimately, his effect upon currencies will be temporal and not long lasting…thankfully!
Stay tuned to this saga and see where it goes, because it could gyrate things in the mean time and money can be made off of something you or I can’t control…which are the actions of this “mad man”! Click on the pic to enlarge it. 
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North Korea launches another missile. See how it affected currencies!
By Sean Hyman | May 25, 2009
Just a quick Memorial Day note…on a day when we’re supposed to be honoring our fallen soldiers and those in our miliary, North Korea launches a missile. Coincidence? I think not! They love the attention…and no better way to get it than with most of the markets shut down and not much going on in the world. This way they get the “maximum exposure”. They’ve defied U.N. warnings. We’ll see if anything happens. Since the missiles are usually pointed towards Japan..the yen takes it on the chin the worst, as money runs to the defense of the dollar. Click on the chart to enlarge it and to see its impact…as the yen tanked hard vs. the dollar. 
Tags: blog, buck, dollar, dow, forex, forextrading, greenback, Japan, launch, market, missile, money, North Korea, nuke, ssi, U.N, U.S., warning, Yen
Topics: What To Look At In The Market | 1 Comment »