Yen rises versus its major peers as fall seen too rapid

The Japanese currency appreciated versus most of its peers on Tuesday rebounding from the lowest level against the U.S. Dollar in almost four years on speculation that recent losses of the currency has been too rapid. The Yen added 0.4% to 98.95 per U.S. Dollar earlier on Tuesday London session after it dropped to 99.66, the lowest since May 2009, it also rose 0.3% to 128.84 per euro.