Euro climbs 1 percent against the yen

by on July 27, 2012 2:25 pm BST

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

(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.