* Yen gains broadly; dlr falls 0.7 percent to 91.36 yen
* US bank bailout delay stokes risk aversion, helps yen, dlr
* US financial stability plan to be outlined Tuesday
(Adds quotes, changes byline, dateline; previous TOKYO)
By Jessica Mortimer
LONDON, Feb 9 (Reuters) - The yen rose broadly on Monday, buoyed by disappointment at a delay in the announcement of the U.S. bank bailout plan, which caused investors to shun risk and flock to perceived safe-haven assets.
The Obama administration on Sunday pushed back the announcement of the keenly awaited plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus plan. It had originally been scheduled for Monday.
The news undermined market confidence, pushing European stocks down 0.5 percent. This weighed on perceived higher risk currencies such as the pound and the Australian dollar, to the benefit of the Japanese yen and the U.S. dollar.
The yen had fallen to a one-month low against the dollar overnight on the anticipation that the U.S. would pass the large economic stimulus plan and improved bank rescue plan.
This optimism had kept riskier assets supported despite grim U.S. data on Friday showing that the economy lost nearly 600,000 jobs in January.
"The yen's gains really reflect investor disappointment that the U.S. bank rescue plan was postponed," BTM-UFJ currency economist Lee Hardman said.
"Given the scale of the problem it is clear that we need to see an effective solution as quickly as possible, and the delay has dented confidence in the authorities' ability to get ahead of the curve in resolving it," he said.
At 0826 GMT, the dollar fell 0.7 percent against the yen to 91.36 yen, while the euro lost 1.0 percent to 117.80 yen.
The dollar had earlier climbed to a one-month peak of 92.42 yen on trading platform EBS.
The euro fell 0.3 percent against the dollar to $1.2894, with the U.S. currency also benefitting from renewed risk aversion.
Among higher-risk currencies, sterling fell 0.4 percent against the dollar to $1.4742 while the Australian dollar tumbled 1.0 percent to $0.6698.
Analysts noted, however, that there could be scope for riskier assets to resume their gains once the U.S. fiscal stimulus and bank rescue deals are announced.
The U.S. financial stability plan is due to be outlined by Treasury Secretary Timothy Geithner at 1600 GMT on Tuesday.
Analysts said currencies would likely take their cue from how stock markets react to the plan, with steps seen as effective in shoring up the U.S. economy likely to boost investor confidence at least in the short term.
"Even though we are seeing the yen higher today, that could turn around if the market gives a vote of confidence towards the plan," said Sharada Selvanathan, currency strategist at BNP Paribas in Hong Kong.
The market reacted little to data showing Japan's current account surplus fell 92.1 percent in December from a year earlier, and that Japan's core private-sector machinery orders fell by a smaller-than-expected 1.7 percent in December.
Corporate bankruptcies soared in January, while a freeze in capital markets forced Japanese companies to borrow from banks at a record pace. (Additional reporting by Charlotte Cooper in Tokyo; Editing by Toby Chopra)