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Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday.
In the 12 months through November, inflation, as measured by the personal consumption expenditures (PCE) price index, stood at 2.6%, easing from 2.9% in October.
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy could limit the greenback's decline.
The Japanese currency has risen more than 6% since it touched a year low of 151.92 in November, in part due to a broadly weaker dollar and expectations that Japan's ultra-low rates environment could be nearing an end.
The dollar and euro both climbed 1% on the yen, each set for its biggest daily gain since end October, with the greenback reaching 144.27 yen, and the common currency 157.68.