Monday saw a little decline in the value of the greenback, meanwhile the yen pared some of the gains touched the earlier week before the crucial BOJ's meeting.

The dollar index that gauges the greenback versus its major pairs edged down by 0.1% at102.052 post slumping by 1.3% the previous week.

On Monday, there won't be much in the way of U.S. economic statistics. Instead, this week's main attention will be on the PCEP, the Federal Reserve's preferred indicator of inflation, which is expected to show reduced pressure on consumer prices on Friday.

EUR/USD advanced by 0.3% to 1.0922, The rather aggressive remarks made by ECB last week, in contrast to the Fed's dovish turnabout, helped to strengthen the euro.

GBP/USD ticked up by 0.1% to 1.2687, before the U.K. inflation figures scheduled to release this week. 

USD/JPY rose by 0.1% at 142.30, with the yen retreating from its roughly 2% gains from the previous week.