London — Shares and other risk assets barely moved and gold fell on Friday as traders paid little attention to the latest missile test by North Korea, shifting their focus to where and when interest rates will go up. London, Frankfurt and Paris were a shade lower and futures pointed to a steady start for Wall Street after Pyongyang fired a second test missile in as many weeks over Japan, but both regions looked set for their best week since July. The yen was also pushed lower to ¥111.20 to the dollar in the currency markets, but that, too, was a continuation of a trend. The Japanese currency has seen its biggest fall in 10 months this week, while the dollar is headed for its biggest rise since April, thanks to a revival in US inflation data and bets the Federal Reserve could raise rates again this year after all. "You have risk appetite returning in the markets more generally at the moment, so you have all these forces pushing down the yen," said Vasileios Gkionakis, global head of ...
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