N Korea's missile test keeps US$ gains in check

London

THE US dollar edged up against the yen in European trading on Wednesday but fell short of broader gains after North Korea test-fired a ballistic missile ahead of a key meeting between US and Chinese leaders.

Pyongyang's missile launch came a day before talks on economic and security issues between US President Donald Trump and Chinese counterpart Xi Jinping, pressuring the dollar in Asian trade as investors sought refuge in the perceived safety of the Japanese currency.