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The euro was up 1 percent on the day at 96.238 yen , pulling away from the day's low of 95.04 yen and well above an 11-1/2 year low of 94.12 yen.
The euro was also 0.9 percent higher against the dollar at $1.22923 as investors' short positions were squeezed and after stops were triggered in the move above $1.2250.