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2010.09.2811:16:00UTC+00Yen Spikes Up Against Most Majors

The Japanese yen edged higher against most of its major rivals on Tuesday morning in New York as the weaker-than-expected consumer confidence data from the U.S. prompted traders to seek safe-haven yen.

As of 10:00 am ET, the yen traded at a 2-week high of 83.87 against the US dollar and 81.04 against the Canadian dollar, 5-day low of 131.99 against the pound and a 4-day low of 80.49 against the Australian dollar and 61.50 against the NZ dollar.

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