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On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday.
The dollar rose 0.28 percent against the yen at 143.58, after falling by one percent on Wednesday, on news that the Bank of Japan had reviewed exchange rates with banks, which means a possible willingness to buy the yen.
The euro fell against the dollar, falling 0.15 percent to $0.99635, a level not far from its lowest level in 20 years at $0.9864, which was recorded last week.
The British pound also fell 0.26% to $1.15115.
The dollar index, which measures the value of the US currency against a basket of six currencies including the euro, settled at 109.84, maintaining a gain of 1.5 percent since Tuesday, when US data showed inflation rose more than expected. This prompted the markets to prepare for an expected hike by the Federal Reserve, as it had no choice but to proceed with another big hike at its rate setting meeting next week.
