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* The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary easing, while the dollar paused its retreat and wobbled near a seven-month low against the euro ahead of U.S. inflation data later in the day.

* The euro briefly hit a seven-month high against the dollar on Wednesday but held within a narrow range as traders avoided making big moves ahead of U.S. inflation data on Thursday, which may offer a clearer picture of where interest rates are headed.

* The dollar holds the crown as the world’s dominant currency and rivals have so far failed to unseat the greenback — making fresh rallies likely. That’s the thinking of Goldman Sachs (NYSE:GS) analyst Isabella Rosenberg who says signs of global growth have made European and Chinese assets more attractive in recent months, but she sees little evidence foreign investors are rushing in to support either currency.

* Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China's currency in Moscow's efforts to ensure economic stability amid Western sanctions.

* Asian currency markets edged lower on Wednesday as traders stepped back from risk-driven assets ahead of economic cues from key inflation readings this week, while the dollar steadied from recent losses.

* The U.S. dollar traded largely flat in Europe Wednesday, with risk sentiment on the rise but attention firmly on this week's key U.S. inflation release. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged higher to 103.017, holding just above the week's seven-month low.

Data inference

* No Major Event.

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