Euro, dollar firm against yen

TOKYO, Nov 22 (AFP): The euro and dollar firmed against the yen in Asian trade Tuesday despite continuing worries over European debt woes and the failure of US lawmakers to agree on a deficit-busting plan. The euro traded at 103.87 yen in Tokyo trade, edging up from 103.83 yen late Monday in New York. The single currency stood at $1.3480 compared to $1.3494. The dollar also firmed to 77.06 yen in Tokyo trade from 76.94 yen. "There are still some stop-loss orders that aren't executed yet, so the pair (dollaryen) may rise a bit more," one trader said. Nobuyoshi Kuroiwa, deputy general manager of the forex team at Hachijuni Bank, said the move was also in part a sensitive reaction to mixed reports about remarks made by Finance Minister Jun Azumi. Azumi during a parliamentary panel dismissed an idea that Japan could buy large amounts of foreign bonds as a form of intervention.