The US dollar was moving in narrow ranges against major currencies in afternoon trade here as investors stayed on the sidelines ahead of next week's US Federal Open Market Committee meeting and the Bank of Japan's quarterly Tankan survey, dealers said. "The US dollar slipped broadly against the majors yesterday as a result of technical-induced re-positioning in the forex market and perhaps also some profit-taking activity as market participants appear to have overreacted to a string of central bank rhetoric from the European Central Bank and Bank of Japan," United Overseas Bank (UOB) said. "For today, we expect trading to be in recognizable ranges as participants gear up for next week's FOMC meeting," UOB said. At 1.50 pm Singapore (0550 GMT) the euro was quoted at 1.1813 usd, compared to 1.1811 earlier in Tokyo. Against the yen, the dollar was at 120.51 yen from 120.48 in Tokyo. Dealers said there are worries that the Japanese Tankan survey of business sentiment for December may come in weaker-than-expected. "These concerns kept the dollar moving in a narrow range today," a local currency dealer said. The next FOMC meeting is scheduled for next Tuesday and the latest Tankan survey due out the following day.