On Wednesday, the dollar maintained its recent gains against the majority of its major pairs while substantially strengthening versus the yen, which has been erratic as the end of the Japanese fiscal year draws near.

The dollar index that gauges the greenback versus its major pairs muted at 102.42 withdrawing from modest gains of up to 0.3% in the morning.

EUR/USD ticked up slightly at $1.0855.

GBP/USD traded flat at $1.2343 post hitting $1.236 the highest level in two months.

GPY/USD struck a one-week high on the yen and recently increased 0.7% to 131.85 yen.

The dollar had lost 0.5% of its value against the yen the day before, moving inexplicably in the opposite direction of long-term U.S. Treasury yields, which have been rising as calm has returned to the markets.

Last week, the yen reached levels against the dollar and the euro not seen in about two months.