In other Asian trading, the European single currency rose to 124.59 yen from 124.05 yen on Friday.
"It's probably a more measured response than I would have expected," Imre Speizer, senior markets strategist at Westpac NZ, told AFP.
"As more players return to the market, the euro will come off a bit as they sell it to lock in profits," he said.
"But I don't expect the euro to face serious selling.
"With a solid bottom, the euro could weather profit-taking and start picking up again."- 'Sigh of relief' -
Phil Borkin, senior economist at ANZ Bank, said markets were breathing "a collective sigh of relief" at the result.
"The bigger question is how much of a mandate will Macron's party get in the parliamentary elections coming up next month," he told AFP.
"That calls into question any longevity in a rally at this stage."
Initial estimates showed Macron winning between 65 percent and 66.1 percent of the ballots -- a higher than expected score - and Le Pen scoring between 33.9 percent and 35 percent.
Unknown three years ago, Macron is now poised to become one of Europe's most powerful leaders, bringing with him a hugely ambitious agenda of political and economic reform for France and the European Union.
Furthermore, his economic agenda, particularly plans to weaken labour regulations to fight stubbornly high unemployment, are likely to face fierce resistance from trade unions and his leftist opponents.
He also inherits a country which is still under a state of emergency following a string of Islamist-inspired attacks since 2015 that have killed more than 230 people.
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