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Euro extends gains vs yen, hits one-month high

20/06/2012 at 15:26

NEW YORK, June 20 Reuters - The euro extended gains against the yen, hitting one-month highs, on Wednesday as the Japanese currency weakened broadly amid speculation about a U.S. think-tank report on a Japanese consumption tax hike.

The euro was also suppported by generally positive news out of Greece. The leader of the winning New Democracy party Antonis Samaras has been installed as prime minister of Greece and said he can form a coalition government.

The euro rose as high as 101.13 yenEURJPY= and was last 101.10 yen, up 0.9 percent.

Reporting by Gertrude Chavez-Dreyfuss

gertrude.chavez@thomsonreuters.com646-223-6322Reuters Messaging: rm://gertrude.chavez.reuters.com@reuters.net

Keywords: MARKETS FOREX/EURO YEN

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Euro extends gains vs yen, hits one-month high

20/06/2012 at 15:26