Well, the Russians figure another North Korean missile test is imminent.
“They are preparing to launch a new high range missile,” Russian lawmaker Anton Morozov tells RIA Novosti, adding that “they even gave us calculations, showing that the missile was capable of reaching the western coast of the US.”
Morozov was part of a Russian delegation making an “official” visit to Pyongyang this week.
Morozov is a member of State Duma’s international affairs committee from the pro-Kremlin Liberal Democratic Party of Russia, and visited North Korea with 2 other legislators from October 2-6.
This is moving USDJPY.
- JPY RISES ON SPECULATION ABOUT WEEKEND N. KOREA MISSILE TEST
And futs (first drop you see in ES was on payrolls, what you’re looking at is the 10:30 timestamp give or take):
European shares got hit as well:
And look at gold:
“I thought it had gone a bit quiet on the North Korea front. All of a sudden Twitter lights up with some loose Friday-afternoon (in London at least) talk and markets swing back and forth,” Bloomberg’s Paul Dobson writes, before lamenting that “it’s hard to base a trading strategy around this sort of thing though.”
This comes just days after reports that Russia is stepping up its economic support for everyone’s favorite hermit kingdom. “Russia is quietly boosting support for North Korea to try to stymie any U.S.-led push to oust Kim Jong Un as Moscow fears his fall would sap its regional clout and allow U.S. troops to deploy on Russia’s eastern border,” Reuters wrote earlier this week.
Basically, Russia is concerned that Trump is attempting to implement the same foreign policy that Washington has pursued for decades: a policy that includes regime change in places deemed a threat to America’s national interests or, perhaps more accurately, in places where installing puppet governments offers some kind of strategic advantage either to the U.S. or its allies.
“The Kremlin really believes the North Korean leadership should get additional assurances and confidence that the United States is not in the regime change business,” Andrey Kortunov, head of the Russian International Affairs Council, a think-tank close to the Russian Foreign Ministry, told Reuters.
Of course all of that is ironic, because what exactly would you call rigging another country’s election to in an effort to install a leader that was thought to be a friend of the Kremlin (if only because the Russians have compromising information about said leader)?
Amusingly, Moscow’s efforts to implement “regime” change in the U.S. have gone exactly like Washington’s regime change efforts in other parts of the world: horribly awry. And the spat between Trump and Kim proves it.