The U.S. dollar versus yen reached its highest level on Wednesday, reinforced by a climb in treasury yields and backed by projections of revived economy as China eased further restrictions.

The dollar index that gauges the greenback versus its major pairs dropped by 0.1% at 104.07. Touching earlier the lowest level in 6 months when Fed eased the aggressive rates hikes.

There are now concerns over the probability of a slump in the U.S. economy as Fed officials made it clear that the monetary approach will extend with a final rate hike.

EUR/USD steadied at 0.1% to $1.6515, post muting at its highest level in 6 months during the earlier 2 weeks when ECB president declared the rate raises shall carry on.

GBP/USD advanced by 0.53% at $1.2095 gearing towards its highest level within two weeks.

JPY/USD staged higher by 0.67% at 134.40, the highest since the 20th of December, back then when the Bank of Japan through unpredicted bombshell related to the yield of its government bond.

A retreat in the Japanese yen clued that the change in the policy that was surprisingly announced during the earlier week did not yet show signs of withdraw of monetary stimulus on a broader scale.