Euro depreciated against Japanese Yen hitting
11-year record low before recovering on investor fear European debt turmoil
will decelerate economic growth and undermine financial markets in 2012.
17-nation currency fell against its Japanese counterpart after data showed
European industrial production deteriorated for a fifth consecutive month in
December. Euro plunged ВҐ98.66 in morning session and lost 0.1% against
greenback reaching $1.2947. Currently EUR/JPY is trading at ВҐ99.57.
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