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The U.S. dollar surged above the 120-yen mark in Tokyo on Friday morning, hitting its highest level since August 2003 and continuing the trend seen in New York and Europe the previous day. The greenback on Friday morning was nearly 10 yen higher than its level three months ago. At 1 p.m. Friday in Tokyo, the dollar was quoted at 120.58-60 yen, up 0.71 yen from 5 p.m. Thursday. (Source: Asahi Shinbun)
(Filed under: Markets )
