Stop loss sellers are clustered below 108.50

Gold renewing its surge too

More:

  • South Korean media, Yonhap, reports the South Korea's military is raising its alert level after the North Korean missile launch

more to come

Earlier:

  1. Japan govt warns North Korea missile headed toward northern Japan
  2. More on the North Korean missile launch
  3. US military says North Korea missile did not pose a threat to North America

Those 'earlier' posts have more detail on the launch etc. but the most important comment I made in them, quite a few times, is this is an escalation.

An overflight of Japanese airspace by a ballistic missile is a violation of Japan's airspace & sovereignty. It is a serious offense.

Read this again ...

  • An overflight of Japanese airspace by a ballistic missile

Let that sink in.

This is a big deal, this is a big escalation.