European focus: the yen climbed four-weeks high versus dollar.[E]

The economy data fueled speculations BOJ will elevate it's borrowing
costs this week thus lifted the yen to a 4-week high versus dollar.
The yen raises the third strict day bolstered by strong manufacture
orders which appeared above the forecasted one.
The market players are fully priced BOJ will go further recent zero
rates and make 25 b.p. move on it's near meeting July 13-14.
" higher rates will lure new investments and by bullish for yen.". -
says Michael Metcalfe, State Street Global Markets.
Thus, yen winning pace can by limited for this time as North Korea
intends to continue it's missiles test fueling worry over the Asia region.
"North Korea can renew it's fire missiles launching.". - thinks Ryohei
Muramatsu, Commerzbank. "This can be unfavorable for the yen ".
As the analytic believes today's yen pace can go downwards and drop to
Y114.20 versus dollar and Y146.10 against euro.
The EUR dived on speculations it's too fast pace versus Japan currency
and some how on a data BOJ can reduce rates gap between EU one faster
than the ECB.
"As the forecasts say ECB will move it's key rate only by August.
Besides BOJ hints on faster decision". - stresses Sue Trinh, RBC Capital
Markets. "This can bring euro losses and bolster the yen.".