The Japanese yen weakened from an 8 year high against the EUR as Asian shares rebounded and Federal Reserve Chairman Ben Bernanke said the U.S. economic recovery was intact. The currency also weakened on speculation that a new Japanese government may favor a weak-yen policy. Japan's currency declined to 109.61 per EUR from 108.95 in New York yesterday, when it touched 108.07, the weakest since November 2001. Against the U.S. dollar the Yen fell to 91.74 from 91.37.