The dollar was on the back foot on Thursday after the Federal Reserve said inflation pressures were likely to moderate, suggesting the U.S. central bank would not raise interest rates in the coming months.
Dollar sentiment also softened on growing wariness ahead of next week's meeting of financial officials from the Group of Seven industrialised nations in Germany.
The Japanese currency was supported against the dollar and euro as market players hedged against the risk of the G7 saying something about the yen's broad weakness, especially as European officials have said the issue would be discussed at the February 9-10 meeting.
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