At noon, the dollar fetched 89.96-98 yen versus Tuesday's 5 p.m. quotes of 89.94-90.04 yen in New York and 89.93-96 yen in Tokyo.

The euro traded at $1.3595-3599 and 122.33-34 yen against late Tuesday's quotes of $1.3597-3607 and 122.31-41 yen in New York and $1.3618-3621 and 122.49-53 yen in Tokyo late Tuesday.

"We don't have major events or economic data after (last Friday's) U.S. nonfarm payrolls report," said Yuki Sakasai, foreign exchange strategist at Barclays Bank in Tokyo. "The dollar will likely be trapped in a narrow range and so will the euro."

Analysts say Japanese corporations are selling their dollars and euros for yen to repatriate earnings ahead of their book closing at the end of this month.

Other investors were also selling the yen on speculation that the Bank of Japan will take additional monetary easing measures to support the Japanese economy, they added.

Euro sentiment remained subdued as Fitch Ratings said Tuesday its ratings outlook on Portugal was still negative, dealers said. Concerns about the debt problem of Greece and its implications for other eurozone economies have hurt the single European currency.

The currency market was awaiting the release later in the afternoon of China's trade data for February, along with a slew of other economic data out of the country on Thursday to see whether Asia's power house will tighten its monetary policy, dealers said.