The dollar slipped against the yen Wednesday in Asia as sentiment turned downbeat after an overnight indicator showed a drop in U.S. home prices. The greenback was quoted at 103.96 yen midafternoon in Tokyo, down from 104.26 yen late Tuesday in New York. U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, indicating the housing slump would continue to deepen. The euro stood at US$1.5710 midafternoon in Tokyo, up from US$1.5688 in New York. In other Asian currencies, the dollar was quoted at 32.22 to the Thai baht, up from 32.17, and at US$1.3614 to the Singapore dollar, down from US$1.3638.
