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North Korea Stirring the Pot!
By Mike Conlon | November 10, 2009
Kim Jong Il is at it again! Yesterday, there was a bit of a skirmish between North and South Korea on the high seas as a gun battle occurred between naval vessels. You can read the full story here.
Why is this important? Well, when North Korea starts messing around in the region, that usually means volatility for the Japanese yen. Here’s a quick chart of the yen when this news hit the wires (click chart to enlarge)
This appears to be a common tactic for N. Korea when they are about to meet on the World Stage. Obama will be there sometime next week to try to talk them into nuclear reduction. So we’ll see what (if anything) happens there.
Meanwhile, keep an eye on the yen as any further aggression or conflict in the region will increase its volatility.
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