Asian markets had mixed fortunes after talks between Greece and eurozone ministers broke down when it rejected an extension of its bailout programme.
Dutch Finance Minister Jeroen Dijsselbloem said Athens had until Friday to request an extension, otherwise the bailout would expire at the end of February.
The euro fell to $1.1365 against the dollar from Monday's high of $1.14295.
Japan's benchmark Nikkei 225 index closed down 0.1% at 17,987.09.
The index had closed at it highest level since July 2007 on Monday, rising above 18,000 for the first time in more than seven years.
The dollar was at 118.52 yen, off Monday's high of 118.88.
China heads up
Bucking the downward trend, Chinese shares headed higher with Hong Kong's Hang Seng index closing up 0.2% at 24,784.88.
The Shanghai Composite index ended 0.8% higher at 3,246.91.
Data showed that average new home prices in China's 70 major cities fell 5.1% in January from a year ago, marking the fifth consecutive month that prices have fallen year-on-year.
In Australia, the benchmark S&P/ASX 200 closed down 0.5% at 5,858.2.
Shares in ANZ fell 2.5% - its biggest one day fall in nine months - after the bank reported a small rise in cash profit amid falling loan margins in its first quarter.
It also warned that 2015 was going to be a "slightly tougher, more volatile" environment.
South Korean shares headed higher after the country's central bank decided to leave interest rates unchanged for the fourth consecutive month.
The Kospi closed up 0.2% at 1,961.45 ahead of the Lunar New Year holidays. The market will reopen on Monday.
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