The dollar widened overnight losses on Friday after data on Thursday indicated a delay in the US economic recovery, while high-risk currencies gained, with the Aussie and Kiwi dollars up. Data released on Thursday indicated that the number of people filing fresh claims for jobless benefits dropped less than anticipated. Homebuilding also dropped, after solid gains in the previous three months.
The dollar-which had been raised by the Federal Reserve enhancing its 2020 economic forecast earlier this week-abandoned these gains, and was down 0.1% at 0728 GMT, set for a weekly loss. The Japanese Yen increased against the dollar, holding close to the seven-week high hit on Thursday, at 104.610.
At its meeting, the Bank of Japan kept its -0.1% short-term interest rate target and a commitment to cap-10 year bond submits around zero, as broadly anticipated.