The yen clawed back early losses in Asian trade to end higher against both the dollar and the euro. Traders said strength in Japanese equities, along with better-than-forecast trade data, helped push the yen towards Y130.00. Earlier, Japanese Finance Minister Masajuro Shiokawa was reported as having told delegates at the weekend G-7 meeting that the yen was likely to trade in a range of Y130/135. The euro also weakened in early Asian trade, hit by election results in both France and Germany that dealers said could be adverse for the single currency. However, the euro bounced back to end little changed against the dollar.