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Currencies: Dollar slips against yen as investors lock in recent profits

The dollar was slightly lower against the yen during Asia trade Wednesday as investors opted to lock in profits after the U.S. currency struggled to test its upside.

The dollar USDJPY, -0.01% slipped to ¥112.04 before climbing back to ¥112.31, compared with ¥112.36 late Tuesday in New York.

The WSJ Dollar Index BUXX, +0.11% , a measure of the dollar against a basket of major currencies, was down 0.02% at 90.79. The euro EURUSD, -0.2059% was flat at $1.0677 in midday Asia trade from $1.0683.

The U.S. currency gained momentum against the yen in mid-morning trade as the benchmark 10-year Japanese government bond yield ratcheted down after the Bank of Japan offered to buy Y450 billion ($4 billion) of debt maturing in five to 10 years.

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