Investing.com - The euro rose against the yen on Monday on sentiment Europe was making progress firewalling its debt crisis, while optimism that a key German confidence number would meet expectations bolstered the currency as well.
In Asian trading on Monday, EUR/JPY hit 109.73, up 0.41% up from a low of 109.30 and off a high of 109.85.
The pair sought to test support at 108.61, Friday's low, and resistance at 110.47, Thursday's high.
European policymakers recently made bailout funds available to Greece, and is taking steps to firewall the debt crisis while calmer winds prevail over the continent's markets.
Plus later Monday in Europe, the German Ifo Business Climate Index climate is due out, and growing expectations for a positive reading further bolstered the euro.
In Japan, the yen weakened as investors sold the currency to take on risk, stocks namely.
The euro, meanwhile, was down against the pound and up against the Australian dollar, with EUR/GBP dipping 0.02% to 0.8360 and EUR/AUD up 0.01% at 1.2679.
On top of keeping an eye on the German Ifo Business Climate Index due out on Monday, markets will move on ECB President Mario Draghi, who will speak on Monday as will U.S. Federal Reserve Chairman Ben Bernanke.
In Asian trading on Monday, EUR/JPY hit 109.73, up 0.41% up from a low of 109.30 and off a high of 109.85.
The pair sought to test support at 108.61, Friday's low, and resistance at 110.47, Thursday's high.
European policymakers recently made bailout funds available to Greece, and is taking steps to firewall the debt crisis while calmer winds prevail over the continent's markets.
Plus later Monday in Europe, the German Ifo Business Climate Index climate is due out, and growing expectations for a positive reading further bolstered the euro.
In Japan, the yen weakened as investors sold the currency to take on risk, stocks namely.
The euro, meanwhile, was down against the pound and up against the Australian dollar, with EUR/GBP dipping 0.02% to 0.8360 and EUR/AUD up 0.01% at 1.2679.
On top of keeping an eye on the German Ifo Business Climate Index due out on Monday, markets will move on ECB President Mario Draghi, who will speak on Monday as will U.S. Federal Reserve Chairman Ben Bernanke.