Investing.com - The euro slid against the yen on Monday as investors avoided the single currency and opted for safe-haven venues such as the yen ahead of an E.U. summit this week, where policymakers will discuss Greece and its request for more time to meet fiscal targets.
In Asian trading on Monday, EUR/JPY hit 101.18, down 0.42%, up from a low of 101.04 and off a high of 101.51.
The pair sought to test support at 101.04, the earlier low, and resistance at 101.91, Friday's high.
European Union policymakers will hold an Oct. 18-19 summit in Brussels to discuss Greece's steps towards fiscal health as well as ways to firewall and extinguish the continent's debt crisis.
Greece has requested a two-year extension to meet deficit targets.
The euro on Monday fell as investors sold to await announcements to come from the meeting.
Elsewhere, Spain has yet to request a bailout despite persistent market talk that Madrid is planning to do as such, which weakened the euro further.
The euro, meanwhile, was down against the pound and down against the Canadian dollar, with EUR/GBP trading down 0.17% at 0.8046 and EUR/CAD trading down 0.24% at 1.2659.
In Asian trading on Monday, EUR/JPY hit 101.18, down 0.42%, up from a low of 101.04 and off a high of 101.51.
The pair sought to test support at 101.04, the earlier low, and resistance at 101.91, Friday's high.
European Union policymakers will hold an Oct. 18-19 summit in Brussels to discuss Greece's steps towards fiscal health as well as ways to firewall and extinguish the continent's debt crisis.
Greece has requested a two-year extension to meet deficit targets.
The euro on Monday fell as investors sold to await announcements to come from the meeting.
Elsewhere, Spain has yet to request a bailout despite persistent market talk that Madrid is planning to do as such, which weakened the euro further.
The euro, meanwhile, was down against the pound and down against the Canadian dollar, with EUR/GBP trading down 0.17% at 0.8046 and EUR/CAD trading down 0.24% at 1.2659.