SAFE-HAVEN YEN SLUMPED

Highlights:

• Japanese yen surged nine-month low against the U.S. dollar.
• The safe-haven currency fell by 1.3 percent on Wednesday.
• Yen traded at 111.27 against the U.S. dollar in Asia.

On Thursday, the safe-haven yen traded at a nearly nine-month low against the greenback. This happened after the risk-investors are restoring faith in China. China is taking measures to of....