Indicators have shown a solid rise in US consumer spending and the personal consumption expenditures (PCE) price index. Fourth quarter US GDP growth has also been revised up to 1%. The rise in parameters has been analyzed playing role in gaining some value of US Dollar against Japanese Yen.

The US economy is being resurrected, trust of the US investors has rebounded and this fact has played the biggest role. Furthermore, rate hike by the Fed has also revived expectations and caused halt the recent depreciation of the dollar, cites Koji Fukaya, president of FPG Securities in Tokyo.

Prior to that, dollar has sunk to below 111 yen as risk aversion driven by global growth concerns centering turbulence in Chinese economy. The gloom over Chinese equity markets has stoked demand for Yen, as a safe heaven, reasons CNBC.

The G-20 has been referred as underwhelming by Ray Attrill, National Australia Bank Ltd's global co-head of foreign-exchange strategy in Sydney. There is now no consensus among officials from the world's top economies for an increase in stimulus. International Monetary Fund has trimmed its global growth projections, forecasting 2016 will be a year of great challenges.