The euro inched up against other currencies in Asian trade Thursday although concern over Greece’s financial rehabilitation kept the embattled currency under pressure. The euro fetched $1.2297 and 97.24 yen in Tokyo morning trade, compared with $1.2285 and 96.91 yen in New York late Wednesday. The dollar firmed to 79.13 yen from 78.87 yen a day earlier when US inflation and industrial production data pointed to continued but modest improvement for the world’s biggest economy. Despite the euro’s rise Thursday, concerns about Athens spiked again following a report in the Financial Times that Greece will call for a two-year extension to its tough austerity programme.
