The yen fell against the dollar after the Japanese ruling coalition's victory boosted hopes for more monetary stimulus.
The circumstances are still not entirely viable for the Fed to raise interest rates, says CIBC FX Strategist Patrick Bennett.
The dollar traded in a back-and-forth range after the U.S. June jobs report easily beat expectations.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including European auto shares, Italian banks and consumer morale in the United Kingdom.
Art Cashin, Director of Floor Operations at UBS, shares his analysis and pulse of the market with CNBC viewers.
Philip Wee at DBS Bank believes that an intervention by the Bank of Japan is likely on the cards, but the central bank has limited options.
Sterling rebounded on Thursday after falling two straight days.
Sterling may plummet to parity with the U.S. dollar if a Brexit deal with the EU does not includes a free-trade agreement, Mohamed El-Erian told CNBC.
Lothar Mentel, chief investment officer at Tatton Investment Management, says the U.K. is definitely heading for an economic slowdown, however, a recession is still unknown.
The Fed is likely to cut rates in December, which will cause the dollar to appreciate, says Credit Agricole's David Forrester.
The safe-haven yen hit a 3-1/2 year high against sterling on fears about the impact of Brexit.
The pound plunged to fresh 31-year lows on Wednesday, swamped by fears over the U.K. leadership vacuum and the country's potential exit from the EU.
CNBC's Robert Frank reports the court ruling that Lionel Messi and his father defrauded Spanish tax authorities of more than four million pounds between 2007 and 2009.
BNP Paribas head of FX Strategy Daniel Katzive discusses the post-Brexit economy, banks, U.S. yields and currency action.
Vasileios Gkionakis, head of global FX strategy at Unicredit, shares his forecast for cable and says there is enormous pressure on sterling.
Vasileios Gkionakis, head of global FX strategy at Unicredit, says portfolio flows are unwinding and this will hit sterling.
Cicero Group's Andrew Naylor says two key debates are when the U.K. will invoke Article 50, and whether it will remain in the single market.
The pound will have to adjust lower to cushion the blows from Brexit, which will inevitably impact trade and investments says NAB's Ray Attrill.
A flexible currency allows the U.K. to adjust to the downturn in sentiment via its currency, says UBP's Mark McFarland.
Unless there are signs of U.K.-EU talks souring, sterling will likely remain at current levels, says BNP Paribas Investment Partners' Daniel Morris.