The dollar retreated against the yen on Thursday, as it lost some momentum following its largest gain in six months on hopes of a diplomatic breakthrough between the United States and North Korea.
USD/JPY eased to 106.40, slipping from 106.94 reached overnight.
China said on Wednesday North Korea's leader Kim Jong Un pledged his commitment to denuclearization while U.S. President Donald Trump tweeted that Kim looked forward to meeting with him.
EUR/USD was up to 1.2335 overnight from a low of 12301. On Wednesday it lost 0.75 percent and pulled away from the previous day's five-week high of 1.24765. The euro has been weighed down recently by comments from some European Central Bank officials suggesting the ECB is in no hurry to wind back its stimulus given the spectre of low inflation.
Forex traders are now eagerly waiting on German consumer price data for March, due at 1200 GMT today.
That will be followed by U.S. consumption and price data, which will be closely watched for the Federal Reserve's monetary tightening outlook.
Meanwhile, the Aussie set a three-month low of 0.7643 earlier on Thursday. The currency, often used as a proxy on bets on the Chinese economy, has been hindered by concerns over a trade war between the United States and China.
