North Korea fired unidentified projectile from around Wonsan – Yonhap

Earlier on Thursday morning in Asia, South Korea’s Yonhap came out with a news report quoting the Joint Chiefs of Staff that Democratic People's Republic of Korea (DPRK), popularly known as North Korea, had launched an "unidentified projectile" from the area of Wonsan, a city on the country's eastern coast.

More to come…

FX implications

Such actions often trigger risk-off sentiment, which in turn can be cited for the USD/JPY pair’s latest pullback.