The dollar JPY= gained 0.3 percent to 111.65 yen, extending its rebound from Wednesday's near two-week low of 110.485 yen.
The euro EUR= slipped to $1.1217 from Thursday's high of $1.1257, its highest in more than a week.
Europe's manufacturing sector continues to expand at a solid pace. The IHS Markit's Manufacturing Purchasing Managers' Index for the euro zone rose to 57.0 in May, up from April's 56.7 and its highest level since April 2011.
Further signs of recovery could prompt the European Central Bank to sound a little more optimistic on the economy at its June 8 meeting. It could raise its assessment of risks to balanced or begin discussing shift from its bias to ease policy, a Reuters poll of economists showed.
Elsewhere in currency markets, the offshore Chinese yuan CNH= eased 0.5 percent after having hit its highest level since October the previous day.
The yuan stepped back to 6.7868 to the dollar from Thursday's high of 6.7245.
The currency has surged since last week, when Moody's downgraded China's credit rating and Chinese authorities announced they were adjusting the formula used to set the daily yuan midpoint.
The latter change has been seen as a signal that China will no longer tolerate much depreciation against the dollar and is setting the currency on a firmer path.
Oil prices were dragged down by ongoing concerns over a global glut in crude supply despite a bigger-than-expected draw in U.S. crude inventories.
The Brent futures LCOc1 fell 0.5 percent to $50.39 per barrel, near its three-week low of $49.81 set on Wednesday.
Europe's manufacturing sector continues to expand at a solid pace. The IHS Markit's Manufacturing Purchasing Managers' Index for the euro zone rose to 57.0 in May, up from April's 56.7 and its highest level since April 2011.
Further signs of recovery could prompt the European Central Bank to sound a little more optimistic on the economy at its June 8 meeting. It could raise its assessment of risks to balanced or begin discussing shift from its bias to ease policy, a Reuters poll of economists showed.
Elsewhere in currency markets, the offshore Chinese yuan CNH= eased 0.5 percent after having hit its highest level since October the previous day.
The yuan stepped back to 6.7868 to the dollar from Thursday's high of 6.7245.
The currency has surged since last week, when Moody's downgraded China's credit rating and Chinese authorities announced they were adjusting the formula used to set the daily yuan midpoint.
The latter change has been seen as a signal that China will no longer tolerate much depreciation against the dollar and is setting the currency on a firmer path.
Oil prices were dragged down by ongoing concerns over a global glut in crude supply despite a bigger-than-expected draw in U.S. crude inventories.
The Brent futures LCOc1 fell 0.5 percent to $50.39 per barrel, near its three-week low of $49.81 set on Wednesday.
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