Safe haven flows have increased as news has broken of a seriously provocative move by North Korea that looks to flare up the geopolitical risk once more. A ballistic missile has flown over Japan in an “unprecedented, serious and significant” threat, according to Japanese Prime Minister Shinzo Abe. This will surely provoke a response from US President Trump who previously suggested the US would react with “fire and fury” at any escalation of threat. This move has impacted financial markets, with risk appetite being hit. The main safe haven trades, such as gold, US Treasuries and the yen have all strengthened, whilst ... (full story)