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Yen Drops as Report Says N. Korea Launched Short-Range Missile

Bloomberg – The yen declined to a two-week low versus the euro and weakened against the dollar after Yonhap News said North Korea launched a short-range missile, posing a threat to the region’s security.

South Korea’s won fell for the first time in three days versus the dollar after North Korea said it also “successfully” tested a nuclear weapon underground. The euro approached a four-month high against the dollar before a report that economists say will show German business confidence rose for a second month. The New Zealand dollar fell versus the greenback on concern export revenue will drop after the U.S. increased subsidies for dairy products.

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