Yen, Bonds and Gold Gain After North Korea Tests Bomb
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.
"Unless this is the precursor to U. S. military action, which we doubt, then in a little over a day or two,
tensions will calm again, making this a good buying opportunity for investors with a strong enough nerve."
North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range
missile, prompting the threat of a "massive" military response from the United States if it or its allies were threatened.
Speaking outside the White House after meeting with President Donald Trump
and his national security team, U. S. Defense Secretary Jim Mattis said Trump asked to be briefed on all available military options.
