The euro climbed to $1.17, its strongest level since early October, after French Prime Minister Sébastien Lecornu survived two no-confidence votes by pausing a disputed pension reform, an outcome that steadied the political backdrop and lent brief support to the currency.

In Japan, the yen slipped toward 151 per dollar ahead of the leadership vote expected to confirm Sanae Takaichi as the country’s first female prime minister. The newly formed coalition between the Liberal Democratic Party and the Japan Innovation Party signaled continuity in loose monetary policy and a potential rise in fiscal spending, sending equities higher and bond yields lower.

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