* Yen and dollar rise on renewed investor risk aversion
* G20 fails to ease global recession worries
* Japan slips into recession as Q3 GDP contracts 0.1 pct
By Satomi Noguchi
TOKYO, Nov 17 (Reuters) - The yen and U.S. dollar pushed higher on Monday after the weekend meeting of the Group of 20 major economies produced a lots of pledges of action but no concrete plan to avert a looming global recession.
Investors instead turned more risk averse, reacting to a late slide on Wall Street on Friday and U.S. economic data showing a record fall in retail sales in October.
Yen buying was briefly halted as data showed Japan's economy shrank 0.1 percent in the third quarter, sending the world's second-largest economy into recession and lagging expectations for anaemic growth of 0.1 percent.
But safe-haven flows supported the yen across the board as Tokyo's shares fell 2.8 percent and slugged riskier commodity-linked currencies such as the Australian and New Zealand dollars.
"The yen and U.S. dollar are again finding support from weaker risk appetite due to the lack of concrete results from the weekend meeting," noted analysts at ANZ.
"The summit also noted the need for broader policy responses, but mainly left it to individual economies to take the appropriate monetary and fiscal policy measures."
Investors had hoped for an overall plan that would stimulate the global economy in the short-term.
The euro slid 1.4 percent from late New York trade on Friday to 120.54 yen. It fell as low as 120.20 yen on trading platform EBS with thin liquidity in the market on Monday exaggerating price movements.
The U.S. dollar dropped 0.8 percent to 96.20 yen after sliding as low as 95.87 yen.
For its part, the dollar benefited from flows to U.S. Treasuries and gained 0.7 percent to $1.2524 per euro.
The Australian dollar initially sank more than 1.5 percent to $0.6363, but then jumped quickly near $0.6450, lending dealers to suspect the Reserve Bank of Australia was intervening in the market.
The central bank would not confirm it had acted and the Aussie dropped back to trade down 1.3 percent at $0.6387.
The RBA intervened on at least two occasions last week, buying the Aussie around $0.6350 when the market was disorderly and lacking liquidity. (Additional reporting by Wayne Cole in Sydney; Editing by Rodney Joyce)