FOREX-Yen rises as credit concerns knock equities

* Euro down 0.6 percent at 167.5 yen <EURJPY=>=

* Dollar clings to gains versus euro on softer oil

* G8 comments on dollar awaited

* High yielding Aussie, kiwi dollars down

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By Simon Falush

LONDON, July 8 (Reuters) - The yen rose against the euro and dollar on Tuesday and high yielding currencies fell as concerns about the health of the global economy stoked risk aversion, pulling world share markets down.

Credit jitters resurfaced on Monday after a Lehman Brothers report said a pending accounting change could force Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) to raise a combined $75 billion in capital. Please click on [ID:nN07435475].