Limited Moves In Wake Of Latest North Korean Missile Test

The latest (potentially ballistic) missile launch from North Korea (which was initially expected to fall outside of Japan’s exclusive economic zone, although Japan has since urged residents of Hokkaido to seek shelter, in a rare, but not unique, cautionary move) hasn’t generated much in the way of meaningful market impact, with U.S. Tsy futures seeing a very modest bid and the broader USD (BBDXY) trading a shade below late NY levels. E-minis have extended on Wednesday’s move lower, but that is probably as much to do with follow through on Wednesday’s move as Asia-Pac participants join the fray as it is the news flow itself. G10 FX pairs are little changed on the day, with very light JPY strength creeping in on the aforementioned Hokkaido warning.