The yen slipped Thursday against the dollar as the Bank of Japan and lowered its outlook for inflation.
The dollar was up 0.16% at 112.12 yen at 02:45 ET. The dollar index was up 0.02% at 94.66.
The BoJ lowered its inflation forecast for fiscal 2018 to 1.1% from 1.4% and also cut its forecast for the following year.
It put back the timing of reaching its 2% inflation target to fiscal 2019 from fiscal 2018.
The rate charged on excess deposits with the BoJ remains at minus 0.1%.
The target for the yield on the 10-year government bond remains at about zero.
The annual pace of the increase of JGB holdings was kept at 80 trillion yen.
The euro was steady at the $1.15 mark, with the ECB expected to keep policy on hold.
No guidance of future tapering of asset purchases is expected until after the summer recess.
The (pound) was flat at the $1.30 mark as U.K. rate talk abated after inflation eased.
Elsewhere the Aussie weakened against the dollar. Australian job creation in June missed forecasts.