The greenback slumped for the second consecutive session on Thursday following a mixed but generally strong set of U.S. economic figures, that is not likely to halt interest rate cuts by the Federal Reserve in June.

Unadjusted for inflation, retail sales in the US dropped by 0.8% in January, significantly less than the 0.1% loss predicted by a Reuters survey. Winter storms most likely contributed to the data's weight.

The US dollar index that gauges the greenback versus its major pairs dipped 0.4% at 104.28.

USD/JPY dropped 0.4% to 149.92.

EUR/USD rose by 0.4% to $1.0768.

GBP/USD advanced 0.3% to $1.2595.

Eyes of traders are squarely focused on USD/JPY as it surpassed 150 in the previous days, a critical level that sets the market on edge anticipating potential Japanese action aimed at depreciating its currency.

The yen strengthened despite Japan’s unprojected slowdown in GDP data.