The dollar rose against the yen for a fifth consecutive day as a recent spate of economic data heightened expectations that the benchmark US interest rates would hold steady for most of this year.

GBP
The pound was stronger across the board as the central bank injected more uncertainty about the outlook for monetary policy. Just after the market sent the currency tumbling on the back of less hawkish MPC minutes from the latest monetary policy meeting, the Bank of England's chief economist reminded everyone that the central bank cannot afford to relax about inflationary pressures.

USD
Even through a volatile day of trading, due to a sharp drop in the number of laid-off workers seeking unemployment benefits, the dollar still managed to hit more than one-week highs versus the euro and the yen.

EUR
Belgium's business confidence index rose to 3.5 in February from 2.1 in January, its first increase in four months. The Belgian confidence index is often a hint about the closely watched German Ifo index.

JPY
The yen remained under pressure touching a fresh record low against the euro after the Bank of Japan governor repeated that the central bank would raise interest rates gradually.