The Japanese yen slipped against 15 of its 16 major counterparts as stocks rose and economic data pointed to improving employment in Australia and the U.S. The Yen weakened for a second day against the EUR as signs the global economy is recovering reduced demand for Japan's currency as a refuge.

Japan's currency fell to 117.74 per EUR from 117.62 yesterday. The Yen was at 93.36 per dollar from 93.24.