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Nikkei edges down as yen hits fresh 15-yr peak

Published 10/25/2010, 02:09 AM

TOKYO, Oct 25 (Reuters) - Japan's Nikkei average fell 0.3 percent on Monday as the yen reached a fresh 15-year high on the dollar and approached its all-time peak, but investors were careful about trading actively ahead of the peak earnings period.

The reporting season is about to get into full swing in Japan, with a flurry of major companies set to report this week including Canon Inc on Wednesday and Sony Corp on Friday.

The yen rose as high as 80.65 against the dollar on trading platform EBS, its highest since 1995. It was up about 0.9 percent on the day, advancing closer to its postwar record high of 79.75 set in April 1995.

The benchmark Nikkei closed the day down 25.55 points at 9,401.16, while the broader Topix fell 0.4 percent to 821.23. (Reporting by Chikafumi Hodo; Editing by Edmund Klamann)

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