Thursday, May 17, 2012
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FOREX-Yen up as investors book profits on recovery trades

The yen rose on Monday, hitting its highest in more than two weeks against the euro, as weak U.S. consumer morale clouded the outlook for a quick global recovery and spurred profit-taking in commodity-linked currencies. >>

Yen extends gains, Japanese exporters sell dollars

* Euro, sterling, Aussie all fall vs yen

* Shanghai shares drop 3.5 pct, extending last week's slide

* Profit-taking as stocks fall, nerves about recovery

 

 

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