(Corrects to show the dollar fell against the yen instead of pared gains in lead paragraph (Adds reaction to President Obama's inaugural speech)

By Vivianne Rodrigues

NEW YORK, Jan 20 (Reuters) - The U.S. dollar briefly pared gains versus the euro and fell against the yen on Tuesday as stocks extended losses after President Barack Obama failed to provide new details on measures to address the economic crisis in his inauguration speech.

Anticipation that Obama's stewardship of the U.S. economy after Tuesday's inauguration will be better than his predecessor's helped boost demand for the U.S. currency earlier in the session.

The dollar trimmed gains within five minutes after President Obama ended his speech and as U.S. stock indexes extended losses.

The dollar was last 0.6 percent lower at 90.20 yen . It slipped about 30 ticks from pre-inauguration remarks to as low as 89.82 before rebounding, according to Reuters data.

Euro/dollar rose as high $1.2953 from about $1.2940, but it slipped to $1.2936.

"The dollar came off within five minutes of (Obama) concluding his inauguration speech. People were looking for some kind of bounce in stocks and that didn't happen so investors said let's sell some more," said Brian Dolan, chief currency strategist, at Forex.com in Bedminster, New Jersey. "That then weighed on the dollar." (Additional reporting by Gertrude Chavez-Dreyfuss; Editing by Dan Grebler)