Dollar slightly down against yen after hitting one-month low

The dollar fell slightly against the yen in Asian trade Tuesday, with dip-buying kicking in to lift the greenback off a one-month low.

The dollar USDJPY, +0.13%  was down slightly to ¥118.24 compared with ¥118.35 late Monday in New York. With the benchmark Nikkei Stock Average NIK, -0.64%  falling as much as 2.1% earlier in the session amid sliding oil prices, the dollar started extending its downside against the yen, perceived as a safe haven in times of financial instability.

The yen strengthened against the euro EURJPY, -0.15% which was briefly at ¥139.45, its lowest since Oct. 31. The euro later recovered to ¥139.98 from ¥141.06 in New York.

The euro EURUSD, -0.29%  was almost unchanged at $1.1839 from $1.1837.

The WSJ Dollar Index BUXX, +0.29% a measure of the dollar against a basket of major currencies, was up 0.06% to 83.95.