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Tokyo - The euro stayed under pressure on Friday during Asian trade, although it rebounded from a 15-month dollar low overnight on the result of Italy's market-testing auction of long-term debt.
The dollar meanwhile was well supported by encouraging US data released overnight, improving investors' risk sentiment.
The euro edged down to $1.2948 in morning Tokyo trade from $1.2960 in New York on Thursday. But it was nearly unchanged at ¥100.59 in Tokyo from ¥100.61 in New York.
The single currency tumbled to $1.2858 overnight - the lowest level since September 14 2010 - before regaining ground on brighter US economic data as the market digested the news about Italy's bond auction.
The global market continued to fret over eurozone debt woes, with the Italian bond auction receiving mixed reviews.
Italy raised €7.0bn, below the maximum €8.5bn, but long-term rates held below the danger threshold of 7.0%.
The rate on bonds due in 2021 was 6.7% - higher than the 5.77% for the last similar operation on October 13. The rate on bonds due in 2022 was 6.98% compared to 7.56% in November.
"The good news is they sold the required amount they were offering. The bad news is it was basically at 7% again for the 10-year bond," Auckland-based HiFX Senior Trader Stuart Ive told Dow Jones Newswires.
Meanwhile, the dollar might gain against the yen in the coming week with US data likely to stay firm, Masafumi Yamamoto, chief FX strategist at Barclays Bank in Tokyo, wrote in a note.
The dollar bought Ÿ77.69 in Tokyo, also flat from ¥77.62 in New York.
