By Lisa Twaronite, MarketWatch TOKYO (MarketWatch) -- The dollar gave back some ground against rivals in Asian trading Tuesday but remained in recent ranges. The dollar index (DXY 80.44, -0.07, -0.09%) , which measures the U.S. unit against a trade-weighted basket of six major currencies, traded at 80.161, down from 80.513 in late North American trading Monday. The euro rose to $1.3667 from $1.3609 late Monday. The dollar bought 90.87 Japanese yen, down from 91.14 yen late Monday. A summary of the Bank of Japan's Jan. 25-26 policy board meeting released Tuesday "revealed concern over Japan's fiscal position, and it wanted to maintain the public's trust in fiscal and monetary policy," said strategists at Action Economics. "Some members expressed the view that for individual countries -- including Japan, for which the fiscal situation was serious -- to be able to conduct appropriate policies while ensuring market stability, it had become all the more important to maintain market confidence in the conduct of both fiscal policy and monetary policy," the BOJ summary said. On Monday, the dollar briefly turned higher versus the euro and stayed near an eight-month high versus other major currencies, as traders watched equities and other markets for signs of investors' appetite for risk, which tends to detract from the dollar's safe-haven appeal. See Monday's Currencies report.

Source