TREASURIES-Dip in Asia, Fed speakers awaited

TOKYO, Feb 23 (Reuters) - U.S. Treasury prices dipped on Friday, pressured by expectations that the Federal Reserve will leave interest rates on hold for some time, while investors waited for officials to give more clues on the future path of policy.

Dallas Fed President Richard Fisher and San Francisco Fed President Janet Yellen are due to give speeches about the economy later in the day.

Their comments will draw even more attention after minutes from the Fed's January meeting released on Wednesday suggested top central bank officials were uncertain inflation was firmly on a downward path, running counter to Chairman Ben Bernanke's benign views on price pressures last week.

But remarks from the Fed presidents are unlikely to change expectations that the central bank will keep the funds rate at 5.25 percent in the coming months, some analysts said.

"The market may continue to lack a clear direction," said Akihiro Nishida, a senior economist at Mitsubishi UFJ Securities.

"Excessive expectations for rate cuts have faded. But we have not had strong enough data to turn the view that the Fed's next move will be a rate hike into consensus," Nishida said.

March 10-year note futures dipped 1.5/32 to 107-09/32 TYc1.

The benchmark 10-year yield stood at 4.738 percent <US10YT=RR>, little changed from 4.734 percent in late U.S. trading on Thursday.

The yield hit one-month lows below 4.7 percent in the past one week as an array of weak data and Bernanke's remarks that price pressures were starting to ease boosted expectations that the Fed would start cutting interest rates later in the year.

The yield then turned its course after data showing an unexpected pick-up in core consumer prices in January on Wednesday made market players rethink the rate outlook.