GBP/USD holds below 1.2650, focus on UK CPI, US Retail Sales data

The GBP/USD pair posts modest gains below the mid-1.2600s during the early Asian session on Wednesday.
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Japanese Yen drops to over one-month low against USD amid divergent BoJ-Fed expectations

The Japanese Yen (JPY) extends its weakening trend for the third straight day on Wednesday and drops to its lowest level since December 6 against its American counterpart during the Asian session.
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