The US dollar ended the Asian session with slight losses against the euro as the market adjusted to the possibility that US interest rate increases could well be over after the Federal Reserve raised rates for the 14th consecutive time overnight. At 3.10 pm (0710 GMT) here, the euro was at 1.2154 usd, up from 1.2145 usd nearly four hours earlier in Tokyo. The dollar was at 117.24 yen, up from 117.20 yen in Tokyo. The dollar ended trading in the US marginally stronger after the Federal Open Market Committee announced an expected increase of 25 basis points, bringing the Fed funds rate to 4.50 pct. The decision was accompanied by a statement which was seen as slightly more hawkish than some had expected. But with the FOMC meeting over, attention shifted to coming data releases which, as the Fed has indicated, will be the key determinants in deciding its future policy actions. Thomas Lam, an economist at Singapore's United Overseas Bank said in a note: "While we recognize an upward bias of another 25 basis points hike in the target funds rate to 4.75 pct at the next meeting in March, the decision is far from certain at this juncture and has become increasingly conditional going forward." The prospect of an uncertain policy direction appeared to have put pressure on the dollar in Asia, as many centers re-opened after a long Lunar New Year holiday, prompting some players to unload their long positions. On the horizon is a slew of events and data releases, including the European Central Bank's (ECB's) policy meeting tomorrow and the closely tracked US non-farm payrolls data for January on Friday. The ECB is not expected to raise rates again, having done so at its meeting in December, but the market is pricing-in a possible rate increase in March, a view that should keep the euro supported over the next few weeks, dealers said.