Early European trading on Friday saw the U.S. dollar slightly increase, adding to its significant gains from the prior session, meanwhile the Japanese yen increased as a result of the Bank of Japan's change in monetary policy.

Following the released figures showing the U.S. economy expanded faster than anticipated in the second quarter, the dollar soared on Thursday, indicating a recession is becoming less and less possible in the second half of the year.

If the economy continues to post excellent results across the board, the Federal Reserve may decide to raise interest rates once more, as it did on Wednesday.

The dollar index that gauges the greenback versus its major pairs added 0.1% at 101.593 post advancing by 0.7% on Thursday.

EUR/USD ticked up by 1% at 1.0976 post dipping by 1% on Thursday amid the anticipation of the ECB meeting.

GBP/USD slumped by 1% to 1.2787.

USD/JPY dipped 0.3% to 139.05, trading in a choppy manner following the Bank of Japan's decision to execute its yield curve management policy more flexibly on Friday, enabling the 10-year yield to swing 0.5% around the 0% goal.