The Japanese government warned residents in some remote islands that are part of Tokyo as well as Hokkaido and Aomori prefectures to take shelter from a missile fired from North Korea.
North Korea fired an unidentified ballistic missile toward the east side, according to text message from South Korean Joint Chiefs of Staff.
According to a subsequent update from NHK, the missile appears to have flown over and past Japanese territory, and landed in the Pacific ocean.
It is unclear what response, if any, Japan will pursue.
The USDJPY dipped briefly on the news of the missile launch but has since rebounded.