forex Yen falls as global tensions abate, sterling rises

[Anzo Lim 0]

The yen slipped on Thursday as global tensions including the U.S.-China trade conflict showed signs of thawing, bolstering investor confidence and reducing demand for safe-haven currencies.

 

The pound rose to its highest level against the dollar in more than a month on hopes that a no-deal Brexit would be avoided.

 

In late U.S. trading, the dollar was up 0.53% at 106.975 yen after reaching 107.235 yen, which was its highest level since late July.

 

Against the euro, the yen was 0.5% lower at 118.015 after falling to 118.6, marking a three-week low versus the common currency.   

 

Source: Reuters

#Yen #Sterling #Investor #WikiFX