Japanese Deputy Chief Cabinet Secretary Seiji Kihara is out on the wires now, via Reuters, condemning the missile launches by North Korea.

Key quotes

"North Korea's frequent missile launches cannot be permitted."

"North Korea may increase provocative operations, including nuclear tests."

Meanwhile, the White House said in the last hour that North Korean missile launches pose no immediate danger to allies.

Also read: North Korea appears to have fired missiles again towards Japan

Market reaction

At the time of writing, USD/JPY is trading modestly flat around 144.65, unperturbed by the geopolitical headlines.