Euro climbs 1 percent against the yen

NEW YORK, July 27 Fri Jul 27, 2012 10:25am EDT

NEW YORK, July 27 (Reuters) - The euro climbed 1 percent against the yen to its highest since July 18 o n Friday after French leader Francois Hollande and his German counterpart, Angela Merkel, said after a phone call they are determined to do all they can to safeguard the euro.

The euro was last up 1 percent at 97.05 yen after climbing as high as 97.07 yen.

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