The dollar edged up on Wednesday, moving further from three-month lows against the yen, though its gains were muted by caution ahead of data that could offer clues about U.S. economic growth and the course of monetary policy. Given a lack of key data during the coming session, the dollar hovered in narrow ranges as investors awaited U.S. trade deficit figures due on Thursday and producer prices and retail sales data on Friday. "With sentiment for the dollar turning bearish, data due later this week could further undermine the currency if they are weaker than forecast," said Joseph Kraft, managing director of the forex department at Morgan Stanley in Tokyo. Dealers said the dollar was underpinned on Wednesday by U.S. funds taking profits on the yen after the Japanese currency rose to a three-month high of 113.76 yen in Asian trade on Monday. Some U.S. funds were also seen profits on Tokyo shares and converting their winnings back to dollars after the Nikkei average's 40-percent rally in 2005. By 0545 GMT, the dollar was fetching 114.70 yen , up from around 114.30 yen in late U.S. trade and edging further away from Monday's three-month low. The dollar could fall below 114 yen in the next few days as some players may want to test stop-loss levels at 113.50-113.70 yen before confirming support around these levels, a trader at a Japanese trust bank said.The euro was little changed at $1.2060 , off Friday's three-month high of $1.2185.The single currency was up about 0.3 percent at 138.35 yen on buying from U.S. funds.