Will North Korea launch Hydrogen bomb test again?

Early on Friday North Korean foreign minister Ri Yong Ho said that his country could consider a hydrogen bomb test in the Pacific Ocean on an unprecedented scale. It suddenly affect Asian stock markets: China -0.48%, Hong Kong -0.91%, Japan -0.35%, South Korea -0.87%, Thailand -0.59%. I think most stock markets may drop and move flatly but gold price may edge up because of the rising tension.
In my opinion, U.S. dollar may drop lower than yen today because of the tension with North Korea combined with the Bank of Japan, that keeps its policy to buy bonds so its holdings increase at an annual pace of 80 trillion yen ($717.6 billion). Furthermore, euro may also rise higher against USD as yesterday ECB’s president Mario Draghi said that monetary policy is not an appropriate tool to address financial imbalances but offered no fresh insight so he may speak more details today at 15.00 and 16.30 GMT+7.
Furthermore, core CPI and core retail sales of Canada at 19.30 GMT+7 today. I think U.S. dollar may keep rising against Canadian dollar combined with the lower forecast of those macroeconomic indicators. Bitcoin is likely to split again in November so it may effect to its price and crypto-market. I think we need to keep eye on how cryptocurrencies will pass the fully shut-down in China after October.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review