Yen up in Asia as cautious investors eye ECB meeting

TOKYO, June 5 (AFP) :  The yen ticked up in Asia on Thursday as cautious investors bought the unit on the back of weak US jobs data and ahead of the European Central Bank's policy meeting.
In Tokyo afternoon trading, the greenback weakened to 102.52 yen from 102.74 yen in New York, while the euro drifted lower to 139.43 yen from 139.68 yen.
The European single currency bought $1.3600 against $1.3599 with ECB policymakers widely expected to cut the bank's key interest rates and unveil other unconventional measures in a battle against deflation.
In the US on Wednesday, the dollar was initially buoyed by broadly upbeat data. The Institute for Supply Management said activity in the services sector surged in May.
Also, the Federal Reserve's "Beige Book" report said all 12 districts of the country saw increasing economic activity in recent weeks. That compares with April's report, which showed two districts saw a decline in activity.