News from North Korea that they had......>

DOLLAR-YEN: News from North Korea that they had fired a new type of missile

pressured overnight, Usd/Jpy slipped from Y111.67 to Y111.38 before dip buyers

cushioned falls. Usd/Jpy last last Y111.45/50. On the downside option demand at

Y111.00 (Expiry $1.32bn). Resistance at Y111.67/69 (Asia high, 200-dma).

* The US calendar kicks off at 1330GMT today with the secondary reading of GDP.

Third quarter GDP is expected to be revised up to 3.3% rate of growth from the

3.0% preliminary estimate, with the key factor being stronger PCE growth than in

the advance estimate. 

* Also at 1330GMT New York Federal Reserve Bank President William Dudley who

will participate in a moderated discussion at "Rutgers Fireside Chat".

* At 1500GMT US NAR Pending Home Sales are scheduled alongside testimony from

FOMC Chair Janet Yellen in front of the Joint Economic Committee in Washington.

* San Francisco Federal Reserve Bank President John Williams is to give keynote

address at 1850GMT.

* Option-expiries today at Y111.00($1.32bn), Y111.50($610mn), Y112.00($315mn),

Y112.50($330mn), Y113.30-32($820mn).