---

Guest post by: Sean Hyman Become an Author

Tweet

---

---

After testing a nuke and firing off 5 missiles over the past few days, North Korea now says that it has abandoned its truce that ended the Korean War back in 1953.

They basically blamed the decision on South Korea joining the U.S.-led initiative to search ships for nuclear weapons. It called the South's actions a "declaration of war" and pledged to attack its ships if they were stopped.

Since then, South Korea reports that they see "steam" coming from a plant at North Korea's main nuclear facility (which had formerly been closed since July 2007). It's a sign that they aren't bluffing and that they intend to make "weapons-grade plutonium".

Meanwhile the U.N. is working on a statement that condemns these actions. However they'd better do better than that if they want to stop this "mad man"! You can't deal rationally with Kim Jong Il. You can see his insanity in his "Elton John like" glasses and his Elvis hair (JK).

Remember, it was only last month that they launched a missile over Japanese airspace!

So what does all of this mean for currencies? Well, if you love volatility, then the yen is the place to be. See a 5 minute chart below over the past few days and you will see that.

North Korea's actions are gyrating the Yen!

If you don't like sudden volatility, then you might want to avoid the "yen pairs" for now and focus on the "dollar pairs".

Do realize though that all of this "nuke talk" does ripple through several currencies and it may be hard to avoid altogether.

For when Japan or South Korea is threatened, money flows out of the yen and won and into the "biggest guy on the block" which is the U.S. (world super power and world's reserve currency too).

So while the dollar has recently broken its uptrend against a broad array of currencies recently, it will have short periods where it "holds up" okay due to the waves that North Korea is now making.

Related Articles

  Become a Heat Seeking Missile by Robin J Elliott
  Handshaking for Business, is that Smart?
  How to pass psychometric tests
  The Importance of a Good Handshake
  Employee Testing and Assessments
  Using Pre-Employment Tests Can Save You Money
  Design your own Employment Test
  Leading at the edge is a journey.
  Bank Stress Tests?? What Stress?
  The Employment Tests Myth
  Using Employment Tests
  TAKE, SHAKE OR BREAK
  Setting Your Moral Compass to North. Why talking about ethics is not enough
  You Create Your Own Reality
  If You're So Good, Stop Thinking So Damn Much
  Secrets of Email
  How to keep motivated when the going gets tough
  Random Acts of Success
  What job? What career?
  How To Make a Great First Impression

Related Forum Posts

Expanding to North America?
Selling to North America
Re: Hello from North Carolina
Re: A smooth sea never made a skillful sailor.
Exclusive: Interview with Results

Share this article. Fund someone's dream.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

It Takes Money to Make Money - Yes It's True

Do you have a toxic employee in your workplace?

Writing Effective Business Letters

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.