The US dollar bought 113.19 Japanese yen, higher than 112.81 Japanese yen of the previous session.
The world's most liquid currency bore downward pressure after the yields of two-year and three-year US government bonds surpassed the five-year yield for a second day on Tuesday.
The rarely-seen inversion of the yield curve is normally viewed as a precursor of an economic downturn, sparking broad fears of a slowdown in U.S. economic growth.
The recent broad sell-offs in the stock markets and persistent uncertainty over U.S.-China trade tensions have increased demands for the greenback to avert from riskier assets, paring some of the losses caused by the inverted yield curve.
--IANS pgh/