The dollar rebounded against the yen in Asia on Tuesday, clawing back some of the ground it lost after a flight to safety on concerns over the global economy. The greenback was changing hands at 97.56 yen in Tokyo afternoon trade, from 96.56 yen in New York Monday afternoon as the solid Japanese bond market fuelled risk appetite, sparking yen selling and pushing up stocks. The yen fell after the closely watched five-year bond auction went smoothly, currency dealers said.

The dollar turned softer in Asia on profit-taking Friday, hovering below the 100 yen level after enjoying a recent rally from the Bank of Japan's huge stimulus measures. The greenback stood at 99.46 yen, falling from 99.73 yen late in New York on Thursday, where it at one point touched 99.95 yen. The euro bought $1.3116 and 130.43 yen, compared with $1.3096 and 130.68 yen in New York.

The yen took a breather in its rapid fall to near four-year lows in Asia on Tuesday, pausing the downward trajectory it began when the Bank of Japan announced aggressive monetary easing last week. The dollar, which rose to around 99.65 yen early in the morning to hit its highest level since May 2009, was changing hands at 99.25 yen in afternoon trade, against 99.36 yen in New York Monday. The dollar’s rise stalled owing to profit-taking cued by Japanese Finance Minister Aso’s comments Tuesday that the yen’s excessive strength was being corrected, as well as on dollar selling by

The dollar was lingering just below the 100 yen level in Asian trade on Thursday as the Japanese unit resisted further losses following last week's huge stimulus from the Bank of Japan. The dollar was quoted at 99.56 yen in Tokyo afternoon trade against 99.76 yen in New York Wednesday afternoon. The euro slipped to 130.07 yen against 130.26 yen while edging down to $1.3061 from $1.3068. The greenback temporarily climbed to 99.87 yen in early trade but fell back by mid-afternoon, dealers said.