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Chart - Courtesy Trading View
USD/JPY was trading 0.19% lower on the day at 125.33 at around 04:30 GMT.
The pair is trading marginally lower as investors shrugged off the hangover of the higher US Consumer Price Index (CPI).
US inflation printed at 8.5%, improving the certainty of a jumbo interest rate hike by the Federal Reserve (Fed) in May.
Also, higher than expected US Producer Price Index (PPI) on Wednesday weighed on the dollar index.
US Labor Statistics agency reported the US Producer Price Index (PPI) at 11.2%, higher than consensus of 10.6% and the prior figure of 10.3%.
Focus now shifts to the US Retail Sales data due later on Thursday. Market expects monthly US Retail Sales to double to 0.6%.
Technical analysis points to possibility of minor weakness on account of overbought conditions.
Price action has formed an inverted hammer on the previous session's candle, bears eye 200H MA support at 124.25.
