Eyes were on stock markets after Monday's volatile session in which shares in Shanghai .SSEC lost 5.8 percent and currencies associated with risk-trades, such as the Australian and New Zealand dollars, shed more than 1 percent.
The euro, Aussie and kiwi dollars all rose about half a percent against the Japanese currency and clawed back some lost ground against the dollar as investors covered short positions built in the sell-off the previous day, dealers said.
"Gains in yen crosses today were a recovery from excessive losses the previous day, rather than investors being actively engaged in risk trading," said Ayako Sera, a market strategist at Sumitomo Trust & Banking.
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