Euro rallied in early Europe on release of strongFrench consumer spending data for March. Failure ofeuro-dollar to build on gains above $0.9000 led tocorrection lower, fuelled by euro cross sales. Dollar-yen steady, held in range of Y121.00/122.00 by optionprotection bids and Japanese exporter offers, afterboost in late Asia from Koizumi election. Euro-yenseen heavy above Y109.00.