The common currency reversed positions against the U.S. Dollar and the Japanese Yen in the Asian trading session when one official from the Chinese government endorsed the efforts being undertaken by the European Union to stabilize Eurozone financial markets. As reported at 1:49 p.m. (JST) in Tokyo, the Euro traded against the greenback at $1.3194, a session high; on Monday, the Euro struck a 2-week low. Against the Japanese Yen, the Euro was trading at 110.18 Yen, up from 109.90 Yen earlier.