The pair started the week at $1.3741 in Asia morning, lower from last week’s openings and marked a range of $1.3727 to $1.3761 so far. The pair slipped to session low in early Sydney session before rebounding back to the opening level when Asia stepped in, on the back of euro-yen buying and the cross hit a high of Y141.92 after Tankan survey. However, euro-yen quickly reversed gains after the knee-jerk reaction and offers pushed it to Y141.69 while the euro held steady at $1.3739. Renewed buying interest in euro-yen forced the euro to $1.3751 before weaker-than-expected China flash manufacturing PMI was released, thereafter Chinese banks bought after the data pushing it to mark an intraday high of $1.3761. The euro was stuck between $1.3755-1.3760 range when both dollar-yen and euro-yen headed southwards to register fresh lows, it drifted lower to $1.3748 after on back of short covering in dollar-yen which pushed it to touch Y102.91. The euro rebounds higher to settle at $1.3756 last.
