FOREX-Dollar extends losses vs yen on consumer confidence

NEW YORK, March 25 (Reuters) - The dollar extended losses against the yen on Tuesday after U.S. consumer confidence hit a five-year low in March.

The euro was up 0.9 percent against the dollar at $1.5580 EUR=. Against the yen, the dollar fell to 99.67 yen JPY=, from 99.95 yen yen just before.

Data showed U.S. consumer confidence fell in March to 64.5 -- its lowest since March 2003 -- from an upwardly revised 76.4 last month.

"Risk trades will be unwound on this number and dollar/yen will probably be the biggest loser depending on how badly stocks react to this," said Ron Simpson, director of currency research at Action Economics in Tampa, Florida. (Reporting by Gertrude Chavez-Dreyfuss and Nick Olivari; Editing by Tom Hals)