The Japanese yen slipped against major counterparts in mid-European trades on Monday, as weaker-than-expected Japanese growth figures dented confidence in Prime Minister Shinzo Abe`s policy blitz, dubbed Abenomics. The yen was trading 0.09 percent lower at •101.915 against the greenback, after starting the day at •101.629. The USDJPY pair so fat hit a session high of •101.981 and a session low •101.378. The world`s third-largest economy expanded just 0.3 percent between October and December, unchanged from previous reading in Q3, while analysts' estimates were 0.7%. While annual Gross Domestic Product (GDP) expanded 1 percent pace in the final three months of 2013, down from 1.1 percent growth in the preceding quarter. The euro inched higher to •139.718 in European trade, from an opening of •139.309. The EURJPY pair rose to a session high of •139.743 and session low •138.939. Against the dollar, euro advanced 0.11 percent as investors reacted positively to Matteo Renzi becoming Italy`s Prime Minister and firmer economic growth in Germany and France, suggesting the currency block is slowly recovering after periods of recession. Data released last week showed Eurozone economic recovery picked up speed in the final quarter of 2013, expanding †0.3 percent in the three months to December after 0.1 percent expansion a quarter ago, while annual Gross Domestic Product (GDP) rose 0.5 percent, above market expectations of a 0.4 percent rise. The expansion was led by Europe`s largest economy, Germany, which benefited from a rise in exports. German GDP - the euro zone`s largest economy - which accounts for 30% of the euro zone total, unexpectedly accelerated to 0.4 percent in the fourth quarter. Center-left leader Matteo Renzi was set to meet Italian President Giorgio Napolitano, a signal that the he may be named as prime minister as soon as today, only days after a party coup forced Enrico Letta to resign. The EURUSD pair remained unchanged at $1.37071, after opening at $1.37070. The pair so far hit a session high at $1.37059. The dollar slipped to its lowest level since January on Monday as soft U.S. economic data, in contrast to better figures out of the Eurozone and China. †Figures showed last week U.S. manufacturing output unexpectedly fell in January, raising fears the Federal Reserve may slow the pace at which it cuts back its bond-buying stimulus. Dollar was little changed at 81.14 after falling to a session low of 79.98.