The greenback slid on Monday before the anticipated Fed’s meeting meanwhile the yen ticked up on projections that the Japanese officials have been intervening in attempt to mitigate its unyielding decline.

The dollar index that gauges the greenback versus its major pairs dipped by 0.2% at 105.630, having jumped to 106.00 on Thursday.

The greenback has ticked down at the beginning of the fresh week, but remained sticking to solid gains of over 1% till now in April as many traders predicted soon rate trims by Fed.

The FX markets have been anticipating any hints of steps from Tokyo to the bolster the currency that has slipped the lowest level in 34 years versus the greenback, despite the central bank's discontinuation of negative interest rates the previous month.

EUR/USD advanced by 0.3% to 1.0722, taking advantage of the greenback’s weak status, while traders grasp a slew of European inflation figures.

Spanish consumer prices for April advanced by 3.3%, a monthly tick up of 0.7%, a bit lower than projections.

USD/JPY dropped by 1.8% to 155.56 post previously staging a rally to 160.245.