The yen soared on Monday after data showed Japanese industrial output and retail sales posted strong growth in January, and the dollar fell against the euro.

The yen was up 1 percent against the dollar at 104.16 and up 0.9 percent against the euro at 138.06 in early morning trading.

The dollar slipped to $1.3257 against the euro, but its weakness was more pronounced against currencies with higher interest rates, such as sterling and the Australian and New Zealand dollars.

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