Financial markets have had only a muted reaction to the dispute in recent months, but on Friday assets regarded as havens for investors jumped immediately after the news of North Korea’s latest H-bomb threat. The Japanese yen firmed as much as 0.5 per cent to ¥111.96 per dollar. Gold was also 0.5 per cent stronger at $1,297.09 per ounce.
(Source: Financial Times)
I thought Yen would grow weaker, but on the contrary it grew stronger, why?