By Myra P. Saefong, MarketWatch TOKYO (MarketWatch) -- The dollar climbed versus the Japanese yen Thursday afternoon in Tokyo, but fell against other currency rivals from late Wednesday's levels as investors reassessed the recent rally in the greenback and digested mixed economic data out of Asia. The euro traded at $1.4740, up from $1.4737 late Wednesday in North American trading. The dollar rose to 88.25 yen from 87.87 yen on Wednesday and the British pound bought $1.6307 versus $1.6267. The Australian dollar bought 91.56 U.S. cents, after falling to a low of 91.44 U.S. cents. See real-time foreign exchange rates. On Thursday, Japan's Cabinet Office said Japanese core machinery orders fell 4.5% in October on month, but Australia's Bureau of Statistics said the nation's unemployment rate fell to a seasonally-adjusted 5.7% in November on month. "The U.S. dollar weakened slightly as U.S. equities saw a late rebound to close modestly positive," analysts at Credit Suisse said in a research note issued Thursday. "The move came even as concerns lingered over sovereign debt after Standard & Poor's lowered its rating outlook on Spain to negative." Looking ahead, the Credit Suisse analysts said they believe the U.S. dollar can "receive some near-term support as overseas equity markets are falling and this could lead to repatriation flows into the USA by domestic investors." However, "as long as U.S. interest rates stay at very low levels, we think the USD will resume its downtrend," they said. The U.S. dollar had declined against the yen and euro Wednesday after climbing 2.7% against a basket of currencies since the problems with Dubai World's debt were first exposed in late November. See Wednesday's Currencies column.

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