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Japanese Yen rises over 1% against the US dollar; retail data drags down the overall strength of the dollar
Due to US retail sales data falling short of expectations, the yen strengthened against the dollar by over 1%, accompanied by a decline in US Treasury yields and a general weakening of the dollar. USD/JPY dropped 1.1% to a daily low of 154.22, the lowest intraday level since January 30, with the yen outperforming all G10 currencies.