Risky currencies flourish on investor optimism

London

THE Japanese yen slipped and risky currencies flourished on Thursday as investors turned more optimistic that the United States will find common ground with China on trade after agreeing to hold talks in October.

This has pushed down the yen to a three-week low of 106.75 against the dollar. The yen was last down 0.1 per cent at 106.555, though overall the Japanese yen had been rising this year.