13 January 2004, 09:37  Tokyo Nikkei slips off 11-wk high, blue chips sold

TOKYO, Jan 13 - Tokyo's Nikkei average retreated from an 11-week high on Tuesday as investors, wary of a strong yen and recent rapid gains in the market, took profits on Toyota Motor Corp <7203.T> and other exporters. Traders also said investors locked in profits ahead of earnings reports by key U.S. technology companies such as Intel Corp and Sun Microsystems Inc . The benchmark Nikkei average <.N225> closed at 10,849.68, down 1.05 percent or 115.37 points on the day, its biggest one-day loss since December 17. It closed at an 11-week high of 10,965.05 on Friday. It is now about four percent above its 25-day moving average of 10,417.04. The broader TOPIX <.TOPX> index fell 0.69 percent to 1,058.40. The market was closed on Monday for a national holiday.//

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