The US dollar was virtually unchanged against the yen in early afternoon trade here, with market participants reluctant to make aggressive bets due to a dearth of fresh leads, dealers said. After a sharp reaction to China's decision to end the yuan's peg to the dollar and revalue its currency, analysts say Beijing's policy change has now been factored in and the market is turning its focus again on interest-rate differentials between the US and other economies With the US widely expected to continue hiking interest rates, analysts see the value of the greenback rising in the near future. "Market participants are generally expecting upcoming US data this week to come in upbeat, so a likely scenario is that the greenback would edge up," Harry Ida, senior analyst at Thomson Financial's IFR Forex Watch, said. Major US indicators include the Conference Board's consumer confidence survey on Tuesday, durable goods data on Wednesday followed by second quarter preliminary gross domestic data (GDP) and the University of Michigan consumer sentiment survey which are both due out Friday. At 1.00 pm (0400 GMT), the dollar was quoted at 111.76 yen, after trading between 111.43 and 111.83 yen. Earlier in Sydney, it was at 111.78 yen and was quoted at 111.63 yen in late New York trade yesterday. The euro stood at 1.2035 usd, compared to 1.2047 usd in Sydney and 1.2052 usd in New York. It moved in a range of 1.2022-66 here. Dealers said expectations for Beijing to take additional steps to make its currency more flexible have faded for now