The Japanese yen rose more than 1% against the US dollar, with retail data dragging down the overall strength of the US dollar.

Due to weaker-than-expected retail sales data in the United States, the yen strengthened against the dollar by over 1%, accompanied by a decrease in US bond yields and a weaker overall dollar. The USD/JPY fell by 1.1% to a intraday low of 154.22, reaching its lowest level since January 30, outperforming all G10 currencies.