TOKYO: The yen was trading in a narrow range against the dollar Monday morning after Japan said its economy grew by 0.3 percent in the April-June quarter.
The greenback was quoted at 78.25 yen in early Tokyo trade, unchanged from New York late Friday.
The euro stood at $1.2267 and 95.99 yen, compared with $1.2291 and 96.16 yen.
Currency markets reacted little to Japan's weaker-than-expected growth announced by the government early Monday.
The Cabinet Office said Japan's economy grew 0.3 percent in the three months from the previous quarter, its fourth consecutive rising quarter but weaker than market expectations for a 0.7 percent gain.
The yen is well-bid despite the data as "the JPY is likely to be bought as a risk-aversion currency amid global growth slowdown worries", said Kengo Suzuki, a forex strategist at Mizuho Securities.
Suzuki also said caution over possible currency intervention from the Japanese authorities remained, giving the pair firm support at 78.00 yen against the US unit.
Japanese Finance Minister Jun Azumi has repeatedly warned of stepping in to curb the yen's strength if necessary.
Concerns are growing in Japan that the strong currency, which erodes the repatriated profits of exporters and makes their goods less competitive, is hurting the nation's fragile economic recovery.
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