Russian president speaking at a summit in Vladivostock 7 Sept

  • NK sees missile and nuclear programme as only means of self defence
  • counter productive to whip up military hysteria over NK
  • we see Trump administration a desire to defuse tensions over NK
  • we will be able to solve crisis by diplomatic means

South Korea's Moon;

  • there will be no war on Korean peninsula
  • new UN sanctions are aimed at pushing NK to dialogue
  • sanctions are only half the solution
  • must be combined with dialogue and negotiation
  • discussing how to resolve crisis with Putin, Abe, Trump

Chinese foreign minister:

  • agrees that UN security council should take further response on NK
  • hopes NK see situation clearly

Japan's Abe;

  • Japan/Russia need to have a peace treaty
  • world should unite to press NK to stick to UN obligations
  • NK is an escalating crisis
  • situation needs quick action

Japan's urgency understandable given it's literally in the firing line.

Lots of rhetoric but USDJPY understandably unfazed at 109.06. USDCHF 0.9563