TOKYO: The euro strengthened in Asian trade on Tuesday as sentiment on debt-addled Greece improved, while the dollar got a boost on better-than-expected US retail sales data.
The common currency bought $1.2965 and 102.20 yen in Tokyo morning trade, from $1.2950 and 101.89 yen in New York Monday.
The dollar bought 78.81 yen, against 78.66 yen in New York Monday.
Concerns over Greece's possible exit from the eurozone eased as regional leaders voiced support for giving the debt-hit country more time to implement austerity reforms.
"Various reports indicate that Greece's euro exit risks may have receded somewhat," Junichi Ishikawa, forex analyst at IG Market Securities in Tokyo, told Dow Jones Newswires.
Meanwhile the dollar gained on the yen after fresh data showed US retail sales rose sharply in September, pointing to improved consumer optimism heading into the year-end holiday shopping season.
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