The greenback rebounded on Wednesday, hitting minor gains following previous dips from renewed projections regarding Fed rate trims this year, while the yen slumped below 155 per dollar.

The dollar index that gauges the greenback versus its major pairs edged up by rose 0.12% to 105.55, moving away from the lowest level in one month touched the previous week.

With the most recent U.S. jobs report being poorer than anticipated and the central bank of the United States relaxing its stance, investors are still focused on the speed and timing of Fed rate cuts, which will probably drive currency movements. This reinforces views that rates would likely be lower by the wrap up of the year.

EUR/USD dipped 0.13% to $1.0741.

GBP/USD muted at 0.18% to $1.2487, before BOE decision on Thursday, where attention will be on hints regarding the interest rate trajectory.

Projections from analysts hovered around the possibility that the central bank will likely keep a room for interest rate cut as soon as June.

The yen slid 0.3% to 155.16 per dollar, edging away from its peak of 151.86 touched this week amid the predicted intervention from Japanese authorities to support the plunged currency.