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Meanwhile, the single European currency was pushed down against the dollar by lower shares on the continent.
Reuters quotes Carl Hammer, a currency strategist at the Stockholm-based SEC Merchant Bank, as saying: "We're seeing an ongoing correction in the sharp increase in risk appetite from last week."
Currencies that are considered to be high-risk, such as sterling and the euro, have retreated following a surge in optimism about efforts to stimulate the world economy.
The dollar saw its value increase against the euro, however it was lower versus the yen.
Japan's government has announced that it could spend about 15 trillion yen in its next economic stimulus package, reports the Nikkei.
According to RBS Securities Japan economist Junk Nishioka, Japan has had the worst economic downturn of the developed nations.
