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Dollar-yen just dropped suddenly from....>

DOLLAR-YEN
DOLLAR-YEN: Dollar-yen just dropped suddenly from Y109.15 to Y108.87, the move
followed news that South Korea's Premiere said, 'There are expectations for N.
Korea to launch a missile on Sept 9th'. This has been widely tipped and should
not have too much of a reaction. Dollar-yen has since climbed back to Y109.11
and currently trades at Y109.07. Overall, the pair seems to be following
slightly weaker US rate yields rather than the positive showing on the Nikkei.
Hourly support is located at Y108.71-72, while yesterday's top of Y109.40
provides resistance. 

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