*** The latest missile launch from N.........>

AUSSIE: *** The latest missile launch from N. Korea has seen the Aussie under

pressure via Aussie-yen sales, the rate dropping from near $0.7970 to a base so

far of $0.7929. The Japanese government said, North Korea has launched a missile

in the direction of northern Japan, it passed over the island of Hokkaido and

landed in the northern Pacific Ocean approximately 1100km to Japan's east.

Heightened risk-aversion should keep the yen remaining bid and see the Aussie

being sold on rallies, with Aussie-yen remaining under pressure. Support lies at

$0.7920 (50% fib $0.7867 to $0.7973), a break opens $0.7907 (61.8% fib on the

same move). Aussie last at $0.7937.