The euro climbed 0.5 percent to 133.77 yen EURJPY=R after touching its lowest in nearly a month at 132.51 yen on Monday. Against the dollar it rose 0.2 percent to $1.4103 EUR=.
The Australian dollar rose 0.3 percent to $0.8228 AUD=D4 after falling more than 1.3 percent the previous day. Last Friday the Aussie hit an 11-month high of $0.8479.
Against the yen, it advanced 0.6 percent to 78.05 yen AUDJPY=R after losing nearly 2 percent on Monday.
It dipped briefly after minutes from the Australian central bank's latest board meeting showed policy-makers were concerned that the strength of household demand could prove temporary, particularly if it tightened too early. [ID:nSYC000233]
Asian stock markets seesawed after sharp falls on Monday but dropped into the red as the day wore on.
Markets have been watching China closely to gauge how far it can help economies emerge from recession while the turnaround in the United States takes time, and the closedly watched Shanghai Composite index .SSEC was volatile, edging up later.
"Everyone knows it's no wonder Chinese shares need a correction as they have risen sharply," said Kosuke Hanao, head of treasury products sales at HSBC.
"But the point is whether their current fall will be within a correction in the bull market or not."
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