The yen coming under pressure on Thursday, hurt by news that Japan's public pension fund plans to increase its allocation to the domestic stock market.
Separately, the euro held steady above $1.33 as investors digested the European Central Bank's decision to hold fire on interest rates. The central bank signaled on it stands ready to print money and buy bonds if the euro zone slides towards deflation, and warned the conflict in Ukraine poses a serious risk to the bloc's economy.
Speaking after the ECB held borrowing costs at record lows, its president Mario Draghi gave a frank assessment of the difficulties facing the 18 countries that use the euro - not least tit-for-tat sanctions between Russia and the Europe.
The dollar was flat near 102 yen, pulling away from a 1-1/2 week low near 101.76 yen set on Wednesday. It was roughly steady against the euro and just below 11-month highs against a trade-weighted basket of major currencies.
The yen, attractive overnight for investors seeking shelter from growing tensions between the West and Russia, weakened as Tokyo shares pushed higher after political sources told Reuters that Japan's Government Pension Investment Fund (GPIF) plans to put over 20 percent of its funds in domestic stocks compared with a current 12 percent target.