Euro, Sterling Bounce on Energy Policy Hopes, Climb All Over Tumbling Yen

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound, and Chinese 100 yuan banknotes are seen in this picture illustration on Jan. 21, 2016. Jason Lee/Illustration/Reuters

SINGAPORE/LONDON—The euro and sterling were on Tuesday trying to recover from multi-year lows against the dollar hit the day before, as policy makers tried to get a grip on the energy crisis, though the rate sensitive Japanese yen slipped to a new 24 year-low.

The pound and euro both gained over 0.6 percent with the pound reaching as high as $1.19609, and the euro $0.9987 up from its 20-year low hit on Monday.