By Lisa Twaronite, MarketWatch TOKYO (MarketWatch) - The dollar slipped against the yen and the euro in Asian trading Wednesday, as investors took profits after the greenback rose to a five-week high against the European unit in the previous session. The dollar index (DXY 76.00, -0.31, -0.41%) , a measure of the greenback against a trade-weighted basket of major currencies, fell to 76.154 from 76.225 in late North American trading Tuesday. The euro traded at $1.4716, up from $1.4699 late Tuesday, while the British pound bought $1.6195, down from $1.6283. The dollar fell against its Japanese counterpart to 87.87 yen from 88.40 yen late Tuesday. See real-time foreign exchange rates. Currency investors' reaction to disappointing economic data in Japan was muted since the figures were largely expected. Revised gross domestic product data from the Cabinet Office showed Japan's economy grew just 0.3% in real terms in the July-September period from the previous quarter -- less than the on-quarter rise of 1.2% in the preliminary data, and even worse than economists' grim consensus expectations. See full story on Japan GDP. On Tuesday, the dollar rose to its highest level against the euro in five weeks and gained against other major currencies, as worries about high levels of debt in Greece and Dubai led investors to buy assets that would offer protection in a crisis. See Tuesday's Currencies report.

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