By Lisa Twaronite, MarketWatch
TOKYO (MarketWatch) -- The dollar edged down against major counterparts in Asian trading Wednesday, as investors awaited U.S. employment data.
One dollar bought 95.01, down from 95.25 yen in late North American trading on Tuesday.
The dollar index (DXY 77.71, -0.06, -0.07%) , which tracks the U.S. unit against a trade-weighted basket of six major currencies, was at 77.671, down from 77.720 late Tuesday.
"Major currencies remain vulnerable to risk on/off in sympathy of cyclical recovery expectations," said Tomoko Fujii, a rates and currency strategist at Bank of America Securities-Merrill Lynch Japan.
"Wednesday's focus should be the U.S. ADP employment survey results, which should offer indications of Friday's official nonfarm payroll jobs data," she said in emailed comments.
The euro was buying $1.4404, up from $1.4399 late Tuesday, and the British pound was at $1.6977, up from $1.6932.
The Aussie dollar was buying 84.23 U.S. cents, up from 84.15 U.S. cents Tuesday, when the Reserve Bank of Australia kept its policy cash rate steady at 3.0% and abandoned its easing bias.
