"Involved in the drill were Hwasong artillery units of the KPA (Korean People's Army) Strategic Force tasked with striking the bases of the U.S. imperialist aggressor forces located in the Pacific operational theater in contingency and intermediate-range strategic ballistic rocket Hwasong-12", said the report.
"There is increasing expectations for President Trump to counter react to the North Korean aggression, which may further propel the prices upwards", said Mihir Kapadia, CEO at Sun Global Investments, in a note.
A spokesman said: "The US should know that it can neither browbeat the DPRK with any economic sanctions and military threats and blackmails nor make the DPRK flinch from the road chosen by itself".
Second only in size to the largest Daisy Cutter weapon, the MK84 -deemed 'the Hammer' by F-117 pilots who dropped it during the First Gulf War- the MK84 delivers over 400kg of explosive power to the target.
But last week, the Trump administration suddenly adopted a more conciliatory tone.
And for the first time in the most recent round of weaponised brinkmanship from the North, it brought real worries to people in Japan.
The minister believes the latest launch was an attempt to provoke the US and its allies into a response and advance its testing program. Experts warned that the rapid-fire escalation had raised the danger of a miscalculation among the nuclear-armed powers.
The missile was in flight for about 15 minutes, Japan's chief cabinet secretary Yoshihide Suga said at an emergency press conference. Flying a missile over Japan sent a deliberate message that its "Guam threat could be turned into a reality", South Korea's intelligence service told local lawmakers, according to Representative Lee Wan-young, who serves with the opposition Liberty Korea Party.
The US dollar was last flat against the Swiss franc, another safe-haven currency, at 0.9549 franc after touching a two-year low of 0.9431 earlier.
That missile splashed into the northern Pacific ocean.
But for Trump's earlier bombast, his Tuesday statement wouldn't have been particularly surprising.
The drill saw a combination of sudden maneuvers and strike "for prompt counteraction in contingency on the Korean peninsula", said the KCNA.
North Korea's ambassador to the UN in Switzerland said Tuesday morning that the launches are needed to keep their country safe from America.
North Korea fired a mid-range ballistic missile over Japan Monday. They say limited resources and poor data are preventing them from responding properly to a disturbing and sustained increase in overdoses. North Korea needs more reliable data if it intends to field a viable nuclear deterrent.
Broadcasters broke into regular programing with a "J-Alert" warning citizens of the missile launch. Speakers broadcast a message saying, "missile is passing, missile is passing".
Japanese Prime Minister Shinzo Abe denounced the launch as "an outrageous act that poses an unprecedented, grave and serious threat".
Japan reacted sharply to the missile overflight, warnings residents to take cover as the missile approached and raising protests at the United Nations.
What accounts for the shorter range?
Haley echoed Abe's sentiments, telling reporters that Pyongyang's actions are "unacceptable". "I think something serious has to happen".
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