On Wednesday, the dollar was mixed after poor United States retail sales report. In Tokyo, the dollar was little higher at 119.64 yen from about 119.44 yen in New York. Despite the increase, the dollar was down from 119.80 yen earlier on Tuesday.

The euro climbed to about $1.0635 from $1.0628, while it was also at 127.21 yen against 127.24 yen. In a statement, National Australia Bank, said, "Most of the focus was on the dollar overnight with the release of the March retail sales report. It was a slight miss, but much less so than the previous two reports".

United States retail sales have bounced back from a three-month fall in March. According to reports, the gain of about 0.9% was weaker than estimated. Excluding auto sales, retail sales in the country increased just 0.4%. Previously, it was expected that retail sales will increase about 0.7%.

The health of United States economy is considered as key to the timing of a Federal Reserve interest rate hike. The United States central bank has already indicated that any rise in 2015 largely depended on data.

With the figures in the United States, the euro got support from a Eurostat report which showed that industrial production in eurozone rebounded more than 1% in February after falling the previous month. The positive news came after the European Central Bank started a huge massive bond-purchase program at lowering borrowing costs.

On Tuesday, the yen was against the dollar and euro after an economic adviser to Shinzo Abe, Japanese Prime Minister, said the unit had slid far enough. On Monday, economic policy adviser Koichi Hamada said that the yen was weak with 105 against the dollar. He further said that the Bank of Japan does not need to expand its massive easing plan.