In the Asian session on Tuesday, the Japanese yen retreated from early highs against other major currencies and slipped after the Bank of Japan retained interest rate at 0.1 percent.

The central bank announced open ended asset purchases starting from January 2014 and also adopted an inflation target of 2 percent.

The yen retreated from 5-day highs of 89.30 against the greenback, 141.42 against the pound, 95.71 against the franc, 118.85 against the euro and 89.94 against the loonie and is presently worth 90.00, 142.49, 96.16, 119.85 and 90.64, respectively.