The dollar fell against the yen in Asia Thursday due to heavy selling by Japanese exporters for quarter-end settlement, and dealers say the unit may fall further on lingering concern over the U.S. economic recovery. The greenback stood at Y90.82 as of 0450 GMT, down from Y91.32 in New York Wednesday, as Japanese exporters rushed to close their books because the end of the third quarter is nearing, dealers said. Investors remain bearish on the dollar because they believe sluggish consumer spending may slow the pace of recovery in the U.S economy. They are willing to push the U.S. unit below Y90, dealers said. "The dollar apparently is getting little support at levels below Y90, meaning drops in the greenback can be very rapid once it breaks below that mark," said Hiroshi Maeba, a senior dealer at Nomura Securities. But the greenback may hold above that level this week because speculators are having qualms about selling dollars actively ahead of the Group of 20 nations' two-day summit in Pittsburgh that will begin later the global day. "Some players are concerned that officials there may send signals that they are worried about exchange rates, which will hit the currency market hard at least for the short-term," said Yuji Saito, head of foreign exchange at Societe Generale. The euro fell to $1.4723 from $1.4740 and to Y133.68 from Y134.64 in New York overnight. Investors sold the euro to take profits, but they said they are willing to resume euro-buying as a global trend of risk appetite recovery should strengthen the risk-sensitive high-yielding European currency.

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