The greenback tumbled on Wednesday, lights are shed mainly on the Yen drop as BOJ sticked to its trajectory, beating the projections that revolved around possible tweak in the aggressive policy.

The Dollar Index wich measures the US dollar versus its major pairs plunged by 0.1% at 102.005, a bit over the lowest level in 7 months at 101.77 that was previously witnessed this week.

USD/JPY surged by 1.6% at 130.19 as BOJ is holding up to its policy for short term interest rate at - 0.1% and 0% for its long-term rate, as for the 10-year bond yields the vary will be kept between 0.5% and - 0.5%. Failing the predictions of more changes.

EUR/USD edged up by 0.5% at 1.0838, as the euro was reinforced by German Chancellor Olaf Scholz announcements that the economy in Europe is unlikely to slow down in 2023.

GBP/USD added 0.3% to 1.2321 as today's released figures indicated that the inflation in the UK for December remained stranded above 10% which implied for more hawkish stance from BOE related to the interest rate hikes.