Ok, well just hours after North Korea threatened to “sink” Japan with “the nuclear bomb of Juche,” reports suggest Pyongyang is readying another missile launch.

Citing an unnamed Japanese official, Nikkei news says a missile is being prepared for launch and has the engine for liquid fuel, suggesting it’s an ICBM.

Apparently, it’s all gassed up and ready, Nikkei adds (although not in those terms).

Other reports suggest the preparations for this started yesterday morning.

And while that is in no way surprising, it did tank futs:

And amusingly, it also seems to have negated the CPI beat as far as USD/JPY and yields are concerned:

Kim trying to ruin CPI

— Walter White (@heisenbergrpt) September 14, 2017