South Korea and Japan Warn North Korea Against Missile Launch

South Korea and Japan warned North Korea that it would face a strong response if it carried through with a threat to launch a missile toward the U.S. territory of Guam.

Defense Minister Itsunori Onodera said it would be legal for Japan to intercept a missile aimed at Guam. North Korea’s threats to strike around Guam pose a serious challenge, a spokesman at South Korea’s Joint Chiefs of Staff told reporters on Thursday.

“We give a strict warning,” the spokesman said. “If North Korea commits provocations despite our stern warning, it will face a strong response from South Korea’s military and the U.S.-South Korea alliance.”

Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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