Markets continued to exhibit slow movements during the European session as all focus was now on US inflation data.
Despite the limited trading session, the yen managed to post gains following a report by the Bank of Japan (BOJ) which it said will review the impact of its monetary policy at next week's meeting.
Meanwhile, the US dollar remains weak compared to its main competitors, with prices hovering around monthly lows.
The US consumer price index (CPI) is projected to rise 6.5% in December, down from the 7.1% year-on-year recorded last November.
Earlier, in the Asian session investors were shown a moderate increase in Chinese inflation in December to 1.8% from 1.6% expected.
However, it failed to affect Asian currency trading, with the Aussie and New Zealand dollars seeing little change in the prices displayed by the two currencies.
Meanwhile, the euro remained steady around a 7-month high against the USD, while continuing to benefit from support from hawkish statements from European Central Bank (ECB) policymakers.
Important for pound trading was the release of UK gross domestic product (GDP) data on Friday, showing the currency remained strong at a 3-week high against the USD.
