The yen nursed broad losses on Tuesday, beaten back from recent peaks following warnings by Japan that it was prepared to step in and weaken the currency.

In the wake of the yen's surge, Finance Minister Taro Aso on Monday said Tokyo is ready to intervene to weaken the currency if moves are volatile enough to hurt the country's trade and economy. Aso reiterated the message on Tuesday.

The firmer dollar, coupled with weaker commodity prices, saw the Australian, New Zealand and Canadian currencies all come under pressure. Prices for iron ore, oil, copper fell on Monday.

EUR/USD: during the Asian session the pair traded in the range of $1.1365-90

GBP/USD: during the Asian session the pair traded in the range of $1.4390-20

USD/JPY: during the Asian session the pair rose to Y108.85

Based on Reuters materials