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USD/JPY is trading at 114.75, down 0.33.
The pair is trading a little lower on the session and just under the session highs.
Japan's Ministry of Economy, Trade and Industry reported that retail sales in Japan eased to a rise of 0.6 percent year over year in December versus a rise of 1.7 percent in November. On the month, December retail sales in Japan fell 1.7 percent versus a 0.2 percent rise in November.
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