*Aug29 dollar-yen open Y109.25, range...>

YEN SUMMARY: *Aug29 dollar-yen open Y109.25, range Y108.34 to Y109.26

*Dollar-yen opened in Asia toward the upper side of yesterday's Y109.03 to

Y109.41 range, where broad-based dollar weakness was somewhat negated by

euro-yen demand.

*Reports of a launch by North Korea of a ballistic missile that flew into

Japanese airspace prompted wide-spread risk aversion, dollar-yen came under the

cosh from the get-go, the rate dropping quickly from around Y109.25 to Y108.34.

*The arrival of Tokyo players brought much needed liquidity and support, the

dollar rose from around Y108.40 to Y108.95

*As investors watched for further development on the Korean peninsula,

dollar-yen consolidated in a Y108.64-93 range

*Resistance lies at Y109.03-05 (former hourly support now res), further techs

are seen at Y109.09 (50% Y109.84-Y108.34), while Asia's low of Y108.34 provides

initial support, with key-support then seen at Y108.13 marking the year-to-date

low on April 17