Abenomics are boosting consumer prices and growth in the world's third largest economy.
The cable is trying to inch above a major level of 1.70, moving to this mark for the first time since August 2009.
The Federal Reserve and its Chairwoman Janet Yellen have been surprisingly confident about future prospects of the world's largest economy.
The most traded currency pair was trading around 1.3560 level on Monday, refusing to penetrate a crucial level of 1.35.
On Thursday the NZD/USD currency pair rocketed 1.61% on the back of further tightening from the RBNZ.
The BoJ is getting predictable.
It seems that Friday was a good day to open long positions on the cable.
A report from the Labor Department was not expected to provide a significant boost to the greenback's exchange rate, however, as the most traded currency pair was locked in a tight range slightly above 1.35-mark.
Effects of the June ECB's meeting are feeding through financial markets, as the Euro index plunged 1.27% over the last five trading days.
The New Zealand Dollar has been strengthening its positions as this year's most attractive currency.
The Australian Dollar together with its New Zealand visa vie were the most bullish currencies over the last five trading days, both adding more than 1%.
The Reserve Bank of New Zealand can now be called as the most decisive and brave central bank in the world.
The U.K. economy is one of the fastest growing developed economies in the world.
After a slump in the first quarter, analysts were betting on a pick up in growth in the second half of the year.
The EUR/USD currency pair moved closer to the 1.35-mark on Thursday, despite positive data from the industrial sector and confident comments from the ECB.
The Australian Dollar maintained its gains on Wednesday, as even despite disappointing consumer sentiment, the AUD/USD pair was still trading around 0.9380.
The Bank of Japan is expected to stay pat on its monetary policy this week, and will most probably, offer a brighter outlook for overseas economies.
The unemployment rate hit the lowest level in more than five years, while the number of people claiming unemployment benefits fells more than expected.
Fed officials and economists all over the world are confident about the prospects of the world's largest economy.
The single currency declined for the third straight session on Wednesday, with the EUR/USD pair falling 0.15% and moving closer to its four-month low seen last week after the ECB meeting.
The Aussie traded higher on Tuesday, with AUD/USD inching higher 0.03% to 0.9356, as domestic data and figures from China offered a brighter outlook for the economy.
Given the moderate but stable increase in consumer prices and stronger-than-expected growth in the first quarter, the Bank of Japan is likely to stay pat during its two-day meeting later this week and will dash private-sector hopes that additional stimulus will be launched anytime soon.
On Tuesday the Pound appreciated versus all major currencies and it seems that a boost provided by the stronger-than-expected gain in industrial production is likely to provide a long-term boost for the currency.
While the single currency was pushed lower by dovish comments from the ECB officials, the greenback benefitted from stronger-than-expected U.S. fundamentals.