The dollar had lost ground during NY trading on Tuesday and consolidated those losses against most currencies in Asian dealings. Notably, EUR/USD at 1.3504 ahead of the European open is actually little changed from the levels seen at the same time in Asia yesterday, with the EUR clearly losing ground against the AUD, NZD and GBP which are all higher against the USD in today's Asian session. EUR/USD fell to 1.3431 early in the session on various sales from funds and Asian sellers before recovering to 1.3543. USD/JPY, which extended its recent rally in NY, pulled back as low as 93.22 on JPY cross sales, only to bounce back to 94.14 in reaction to the latest Nikkei rally. Flows continue to dominate rather than fundamentals during the Asian session with the market focus clearly on the upcoming BOE rate decision, the U.S. jobs data, and next week's ECB policy decision. U.S. treasury yields pulled back on profit-taking. Oil prices were barely changed in Asia after retreating from the highs above $50 in NY on Tuesday. Gold pared the gains made in NY which traders attributed to fund switches from oil futures to gold futures, accounting for the pullback in oil off its highs as well. Asian stocks were all broadly higher except in Hong Kong where profit-taking was seen.