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The euro climbed to 1.4686 dollars in Tokyo morning trade from 1.
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4659, moving towards its record high of 1.4752 dollars reached earlier this month.
The single European currency was flat at 162.87 yen.
Meanwhile the dollar eased to 110.
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94 yen from 111.07.
The dollar, which has weakened considerably against the euro and other currencies this year except the yen, came under pressure after negative economic reports late last week raised concerns about US growth.
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US industrial output fell 0.5 percent in October, marking the biggest decline in production since January.
A separate report also revealed a lower-than-expected flow of international capital into the United States during September.
The US capital flow balance rebounded in September to a surplus of 26.4 billion dollars, compared with a deficit of over 70 billion dollars in t