The yen rose against the euro this morning (August 10th), supported by a moderate rally in Asian equities.It was the first time in three days that the yen, traditionally a safe-haven currency, made gains against the euro, with the latter enjoying support from positive industrial output data from Germany last week.However, with data from Japan indicating that its recession may be easing, foreign investors were attracted to the country's domestic assets.Speaking to Bloomberg, Toshihiko Sakai, head of trading for foreign exchange and financial products at Mitsubishi UFJ Trust & Banking Corp in Tokyo, said: "Japan's economic data were good. Foreigners have been net buyers of local stocks, possibly reflecting more interest in Japanese assets. This is a yen-buying factor."The yen also put a stop to two days of losses against the dollar, while the greenback moved upwards against the euro this morning, extending a late rally seen last week.