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U.S. stock futures drop, yen gains after North Korea's missile launch

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A trader works on the floor of the NYSE in New York

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 8, 2017. REUTERS/Brendan McDermid

By Hideyuki Sano

TOKYO (Reuters) - U.S. stock futures dipped and the yen rose in a knee-jerk reaction after North Korea fired a missile over Japan into the Pacific Ocean, in a sign Pyongyang has no plan to change its course after a renewed international sanction.

U.S. stock futures (ESc1) fell 0.25 percent while U.S. Treasuries futures (TYc1) rose 4/32 in price.

Nikkei futures traded in Chicago (NIYZ7) suggested Nikkei average (.N225) could fall about 0.2 percent.

The dollar fell to as low as 109.55 yen (JPY=) from around 110.20 in late U.S. trade on Thursday and last stood at 109.90 yen.

North Korea early on Friday fired an unidentified missile eastward from the Sunan district in its capital. Japanese government said it fell into seas about 2,000 kilometres east of Cape Erimo in Northern Japan.


(Editing by Cynthia Osterman)