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Yen, bonds, safe-haven gold gain after North Korea's 'hydrogen bomb' test

N Korea on Sunday conducted its 6th and most powerful nuke test, which it said was a hydrogen bomb

Reuters  |  Sydney 

The Japanese yen, gold, and sovereign bonds all rose on Monday as North Korea's latest nuclear test provoked the usual knee-jerk shift to safe havens, though equity losses were modest amid expectations the flare-up would prove fleeting. The dollar was marked down as deep as 109.22 yen at the opening, off a whole yen from late on Friday, but there was no follow-through selling and it was last at 109.84. Japan is the world's largest creditor nation and traders tend to assume Japanese investors would repatriate funds at times of crisis, thus pushing up the yen. Many wonder, ...

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First Published: Mon, September 04 2017. 09:41 IST
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