The JPY has managed to claw back a little lost ground overnight in Asia, USD/JPY down at 97.15 compared to a North American close Friday up around 97.55, while EUR/JPY is down at 138.10 from around 138.40.
Japanese exporters and a semi-governmental Japanese entity have been buyers of the yen. Better than expected Japanese machinery orders and current account data have lent some much-needed support.
For today not too much of interest on the European economic data front;
06:30 GMT: Bank of France business sentiment July
06:45 GMT: French industrial production June expected +0.2% m/m, -13.2% y/y
06;45 GMT: French manufacturing production June expected +0.5% m/m, -14.5% y/y
08:30 GMT: Euro zone sentix investor confidence August expected -25.8 from -31.3 previously
