The yen weakened after the Bank of Japan kept stimulus settings steady on Friday, while a rise in U.S. jobless claims halted the dollar's ascent.
"We still expect BoJ to proceed with policy normalisation at some stage amid higher pressure on prices and wages."
Against the dollar, the euro was last 0.05% higher at $1.0587, after having hit a two-month low on Wednesday. Futures pricing now implies a roughly 52% chance that the Fed will raise rates by 50 basis points this month, compared with 70% before the data release. U.S. rates are meanwhile expected to peak just below 5.5% by July.
Focus now turns to the closely watched nonfarm payrolls report due later on Friday, the next major data point that could offer clues on the Fed's next steps for monetary policy.
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