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The U.S. dollar surged above 130 yen to hit a three-year high in thin Tokyo trading Tuesday. At 5 p.m., the dollar was quoted at 130 yen.74-77, compared with 129 yen.85-95 at 3 p.m. Monday in New York and 129 yen.37-40 late Friday in Tokyo.

Japan’s financial markets were closed Monday for a national holiday.

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