The euro traded at multi-week highs against the yen early on Tuesday and held firm against the dollar following a surprisingly strong performance overnight as expectations for additional stimulus from the European Central Bank waned.
The common currency reached a three-week peak of 142.18 yen, before slipping a touch to 141.97 yen. Against the Australian dollar, it hovered near a five-week high of A$1.4985.
But further big gains are unlikely in Asia with a public holiday in Japan set to dampen trade.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.