At 12:33 p.m. JST, the Japanese Yen took an upturn, rebounding sharply from a 3-month long low versus the U.S. Dollar, and making gains against most major currencies, while speculators benefited from profit-taking on the U.S. Dollar after its run against the Yen. The Japanese Yen had lost nearly 11% versus the U.S. Dollar since it touched on a 13 year high last month; likewise, it lost nearly 10% versus the Euro, and the slide deepened after the release last week of poorer than expected GDP numbers and the Japanese finance minister’s resignation.