15.01.201506:37:52UTC+00Japanese yen dives versus US dollar, euro as Nikkei recuperates

The Japanese yen declined versus the US dollar and the euro in Asian trade Thursday, as Tokyo stocks regained, which prodded selling of the safe-haven currency.

Against the greenback, the yen traded at ¥117.74 from Wednesday’s ¥117.27. The currency was at ¥138.59 per euro, previously ¥138.25.

The Nikkei index added 1.9% following it shed more than 400 points in the last two sessions.

The dollar-yen pair, keeping with the stock market’s steady advances, “is corresponding steps,” said Kyosue Suzuki, Head of the FX and Money Market Sales Separtment at Societe Generale.