"Data still points to robust growth in the U.S. despite the payrolls numbers being weaker than expected and the market's focus is shifting toward inflation."
The dollar has risen more than 2 percent against the yen and more than 1.5 percent against the euro since the Fed suggested two weeks ago that it could raise interest rates faster than the current moderate pace if inflation heated up.
The Fed has raised rates by a quarter percentage point seven times since June, bringing its key funds rate to 2.75 percent.