The dollar slipped in Asia Thursday, as Japanese exporters and other investors took profits ahead of the U.S. Federal Reserves's interest rate decision later today, with a hike already widely factored into positions. The dollar was at 110.23 yen, compared with 110.52 yen in late U.S trading The euro was at $1.2080, compared with $1.2062. The euro was at 133.16 yen, compared with 133.31 yen in U.S. trading. Later Thursday, the Fed is widely expected to boost its target lending rate to 3.25% from 3% when the agency concludes a two-day meeting. Such a move would further expand the already dollar-positive rate differential to the European Central Bank's 2% target rate. The Fed is also expected to say that it will continue to raise rates at a "measured" pace. On Friday, investors await the Bank of Japan's quarterly tankan business sentiment survey, which will contain projections for sentiment and capital spending plans for both major manufacturers and non-manufacturers, and provide clues on the outlook for Japan's economy. On the Japanese data front Thursday, a survey by a government-affiliated lender showed sentiment at small and medium-sized companies improved in June from May. Another survey underscored that domestic demand is improving in Japan, whose economy has long relied on external demand to power growth.