The dollar inched up against the yen on Tuesday while the euro held to modest gains against the greenback, as the market looked to emerge out of the holiday lull and into the last trading stretch of the year.
The euro was flat at $1.0453 after adding 0.2 percent overnight.
The dollar was up 0.1 percent at 117.230 yen after spending the previous day stuck in a narrow 117.005-117.390 range as many major financial markets were closed for the Christmas holidays.
The dollar index was little changed at 102.970, having pulled back over the last few days from a 14-year high of 103.650 marked a week ago.
China will meet its growth target of 6.5 percent to 7 percent growth this year, a reassuring sign for a "weak and vulnerable" global economy, state news agency Xinhua said in a commentary on Monday.
Nor would maintaining stable growth be easy for China in 2017, Xinhua said, "given persistently weak external demand, ongoing deleveraging and capacity-reduction pressure, and a slowing property sector".
China may target economic growth of about 6.5 percent next year, Reuters has reported, still higher than most other major economies, but if that slowdown in growth did occur, others would need China "more than ever", the article said.
The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, slipped 0.4 percent in November from a year earlier, government data showed.
Japan's core consumer prices marked the ninth straight month of annual declines in November, data showed on Tuesday, suggesting that the economy still lacks enough momentum to jump-start inflation toward the central bank's ambitious 2 percent target.
U.S. oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
NYMEX crude for February delivery CLc1 was up 16 cents at $53.18 a barrel by 0002 GMT, after closing up 7cents at a 17-month high on Friday.
London Brent crude for February delivery LCOc1 was yet to trade after settling up 11 cents at $55.16 a barrel on Friday. Oil markets were closed on Monday after Christmas holiday.
Reference: Reuters
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