The launch is towards the East Sea (AKA Sea of Japan).
North Korea has been very busy developing missile tech and nukes. The country got a big boost during the previous US administration and has made the most of it.
Back in the day a show of aggression like this from NK would tend to trigger moves into yen. Not so much any more.
This article was written by Eamonn Sheridan at www.forexlive.com.
