* Dollar moves away from last week's 14-year highs
* Japanese investors buy dollar on dips after holiday
* Investors await Trump's news conference on Wednesday
TOKYO, Jan 10 Sterling steadied in early Asian
trade on Tuesday after weekend comments from British Prime
Minister Theresa May sent it skidding to 2 1/2-month lows, while
the dollar wallowed as investors locked in gains.
The pound added 0.2 percent to $1.2171, after sinking
as low as $1.2125 on Monday, its lowest since Oct. 28, following
British Prime Minister Theresa May's statement that she was not
interested in keeping "bits of membership" of the European
The dollar inched 0.1 percent lower against a basket of six
major peers, to 101.82, though it remained within sight
of last week's high of 103.82, which was its highest level since
It fell 0.2 percent to 115.90 yen, well below its
overnight high of 117.53, though off an earlier session low of
115.65 yen as Tokyo traders returned to their desks after
markets here were closed for a public holiday on Monday.
U.S. President-elect Donald Trump, who takes office on Jan.
20, is scheduled to hold a news conference on Wednesday that
will be his first since winning the November election.
"Some Japanese customers are buying on dips with the dollar
at the 115 level, but with Trump's speech ahead, some people are
taking profits and adjusting their positions," said Kaneo Ogino,
director at foreign exchange research firm Global-info Co in
"Overall, everyone will just jump on the bandwagon today,
after the long weekend," he said.
The euro gained 0.2 percent to $1.0590, moving away
from last week's 14-year low of $1.0340.
Expectations of higher U.S. interest rates underpinned the
greenback. Boston Federal Reserve President Eric Rosengren on
Monday called for the U.S. central bank to step up its pace of
interest-rate increases from the once-a-year pattern it has
pursued since 2015, warning of inflation risks if it does not.
At a separate event, Atlanta Fed President Dennis Lockhart
said it was too early to judge how the incoming Trump
administration, which has spoken of implementing fiscal
stimulus, may change the path of the economy.
At its last meeting the Fed raised rates and indicated the
tempo of increases may accelerate following the Trump's election
on promises of a major spending plan and tax reform. Several
policymakers have since said rates may have to rise faster
during the Trump Administration in order to check inflation.
But Lockhart said he felt it was still too early to make any
judgment about how the new administration may change the path of
(Reporting by Tokyo markets team; Editing by Eric Meijer)