Opened in Asia toward the lower end of...>

DOLLAR-YEN: Opened in Asia toward the lower end of yesterday's Y110.84 to

Y111.69 range, where reports that North Korea is preparing for a missile launch

test hit risk and underpinned the yen. There is no economic data or scheduled

events to influence direction in Asia. Regional equities will again be sourced

for direction, with an eye out on the wires for NK news. The early action this

morning has seen a knee-jerk reaction from around Y111.05 to Y111.30 on Powell's

'he expects interest rate to rise somewhat further'. Powell also said,

'uncertainty requires policy to be flexible and Fed must act decisively if the

economy faces new threats, the move reversed to Y111.02 just as quickly. Support

is located at Y110.71 (Daily cloud base), while Asia's Y111.30 top provides

initial resistance.