North Korea's Kim Jong Un orders army into state of war - Xinhua

FXStreet (Bali) - According to Xinhua agency, North Korea's Kim Jong Un has ordered the country's army into state of war, following an escalation of tensions after a rocket was reportedly fired from North Korea into the south.

The headlines may only help to reinforced the current risk-off profile currently established in the markets, with the S&P500 down by more than 2%, along with a significant depreciation on Yen crosses, while Gold and US Treasury bonds (30yr) broke into new weekly highs in a classic flight to safety.