Dollar steadied at around 123.60 yen, failing to break near-term resistance of 123.80 yen as market awaits NAPM index due out later in the day. -- U.S. NAPM index seen inching up to 41.7 from decade low of 39.8 in October, though unexpected slump in Chicago PMI reported on Friday has raised fears of a weaker figure. -- Dollar bounced to high of 123.73 yen in morning trade on talk Moody's Investors Service could soon cut Japan's debt rating and rumour of lower weighting of Japanese government bonds (JGBs) in a major U.S. government bond index. -- More than three-percent fall in Nikkei stock average in afternoon trade failed to give boost to dollar against yen. -- Euro unable to clear resistance above $0.8960 , so now testing support under $0.8950 in otherwise directionless trading. -- Resistance seen at $0.9000 while $0.8920 support remains intact. -- Euro well bid against yen, standing at 110.63/75 yen. Needs to break former rally top at 110.84, but faces Japanese exporter offers.