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JPY Daily News
Yen Rises Broadly on Global Risk Aversion
Wednesday, 25 Aug 2010
The Japanese yen rose to a 15-year high against the U.S dollar and a 9-year peak versus the euro on Tuesday amid fears the global economy is slowing, testing Japanese authorities' resolve to stem the currency's climb.
Declines in stock markets and a weaker-than-expected housing report in the United States also helped buoy the yen and other safe havens such as the Swiss franc.
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