(Recovery with yen move, updates prices) By Karen Brettell NEW YORK, June 2 (Reuters) – Japanese yen fell to a seven-week low against the U.S. on Tuesday, and higher-risk currencies including the Australian dollar jumped as risk appetite grew on optimism that the worst of the economic slowdown from the spread of coronavirus was in the past. U.S. shares gained as a joy over business reopens overcome concerns over U.S.-China tensions and mass protests across the United States over the death of an African-American man in police custody. “The good times continue to roll in risk markets,” Mazen Issa, senior FX strategist at TD Securities, said in a report. “As intense as the rally has been, this is likely to continue as the breadth of the capital rally is now spread outside the U.S.” Greenback won 1.06% against the Japanese yen to 108.72 yen, the highest since April 9. The dollar index against a basket of major currencies fell 0.15% to 97.73 after falling as low as 97.43, the lowest since March 13. The Australian dollar jumped 1.27% to $ 0.6883, reaching $ 0.6894, its highest since January 20. The Central Bank of Australia held rates on all lows Tuesday and sounded less gloomy as the economy gradually reopened in what is probably the worst quarter since the Great Depression of the 1930s. The euro was backed by expectations that the European Central Bank will provide more stimulus when it meets on Thursday. A € 1.85 trillion ($ 2.04 trillion) financial package proposed by the European Commission to lift the region’s economy eases the pressure to act quickly. Nevertheless, many economists expect the $ 750 billion pandemic emergency procurement program (PEPP) to rise by 500 billion euros. ABN Amro believes it will double in size. The common currency rose 0.27% to $ 1.1164 after it previously reached $ 1.1195, the highest since March 16. Sterling climbed over $ 1.25 to a one-month high against the dollar on Tuesday, signaling that the UK might be willing to compromise putting points into a fresh round of Brexit negotiations with the European Union . ================================================== ====== Currency Offers at 1516 (1916 GMT) Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro / Dollar EUR = $ 1.1164 $ 1.1134 + 0.27% -0.40% +1.1195 +1.1116 Dollar / Yen JPY = 108.7200 107.5800 + 1.06% – 0.13% +108.7600 +107.5200 Euro / Yen EURJPY = 121.40 119.79 + 1.34% -0.45% +121.6200 +119.6300 Dollar / Swiss CHF = 0.9625 0.9607 + 0.19% -0, 55% +0.9637 +0.9574 Sterling / Dollar GBP = 1.2536 1.2492 + 0.35% -5.46% + 1.2575 + 1.24797 Dollar / Canadian CAD = 1.3526 1.3571 -0.33% + 4.16% +1.3585 +1.3883 Australian / Doll AUD = 0.6883 0.6797 + 1.27% -1.97% +0.6894 +0.6776 ar Euro / Swiss EURCHF = 1.0749 1.0698 + 0.48% -0.95% +1.0764 +1.0686 / Sterling EURGBP = 0.8904 0.8911 -0.08% + 5.32% +0, 8921 + 0.8867 NZ NZD = 0.6357 0.6291 + 1.05% -5.63% +0.6368 +0.6264 Dollar / Dollar Dollar / Norway NOK = 9.5624 9.6023-0.42 % + 8.93% +9.6453 + 9.5202 Euro / Norway EURNOK = 10.6772 10.7025 -0.24% + 8.53% +10.7300 +10.6490 Dollar / Sweden SEK = 9, 3448 9.3514 + 0.16% -0, 03% +9.3887 +9.31151 Euro / Sweden EURSEK = 10.4434 10.4779 + 0.16% -0.33% +10.4630 +10.4190 (Reporting by Karen B rettell; further reporting by Olga Cotaga in London; Editing by Jonathan Oatis and Nick Zieminski)