Read full post at forexlive.com
North Korea has cut ties with South Korea. Highways, etc.
KJU on the blower now says South Korea is a foreign country and apparent hostile country.
Escalating tensions on the Korean peninsula were, in the past, bullish for JPY (flight to safety and liquidity basis). Not so much anymore.
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Also in the news is that NK has sent troops into Ukraine to support Russia’s cack-handed invasion. Apparently many of the troops sent by Kim have taken the opportunity to defect westwards.
This article was written by Eamonn Sheridan at www.forexlive.com.
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