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The Australian and New Zealand dollars were struggling against the yen on Friday as investors took profits on short yen positions for Japan's fiscal year-end amid caution ahead of key Chinese data due this weekend. The NZ dollar edged up to $0.8190, from $0.8167 in NY, having bounced from $0.8117 overnight. It has dropped nearly 2 percent this month, but similarly to the Aussie, was still showing decent gains for the year.
The Aussie has shed 2 percent on the yen this month, but is still up a whopping 8 percent this year. The kiwi had the edge over the neighbouring Aussie, with investors eyeing next week's central bank rate review.

Copyright Reuters, 2012

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