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Forexpros - The euro gained against the yen on Monday, taking a break from a slide stoked by fears that Greece may face opposition to austerity requirements attached to bailout payments.
In Asian trading on Monday, EUR/JPY hit 103.32, up 0.04% and up from a low of 103.12 and off a high of 103.34.
The pair sought to test support at 103.06, Friday's low, and resistance at 103.86, Friday's high.
In Greece, the government will present an austerity plan calling for EUR13.5 billion in spending cuts and tax hikes to Parliament later Monday in the face of union-driven work stoppages.
Greece must approve the reforms and pass a new budget to free up some EUR31.5 billion in aid arranged by the International Monetary Fund, the European Commission and the European Central Bank.
Some coalition politicians have said they oppose certain austerity measures that call for wage cuts, which sent the euro falling against the Japanese currency albeit in choppy trading marked by spats of bottom fishing.
Investors, meanwhile, avoided higher-yielding currencies ahead of presidential elections in the U.S. on Tuesday.
U.S. President Mitt Romney and his challenger Mitt Romney are neck and neck in the polls, which dampened appetite for higher-yielding assets.
China is due to change leadership this week, which further fueled a risk-off session that came at the euro's expense, though the single currency found room to rise on demand from bargain hunters.
The euro, meanwhile, was down against the pound and down against the Canadian dollar, with EUR/GBP trading down 0.09% at 0.8005 and EUR/CAD trading down 0.17% at 1.2759.
Later Monday, the eurozone will release a report on investor confidence, while Spain will publish official data on employment change.
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