The dollar fell against the yen on Thursday, snapping two days of gains, hurt by data showing benign U.S. inflation that should keep the Federal Reserve cautious in raising interest rates.
The greenback also fell from a two-week high against the euro following the U.S. inflation report, and also surrendered gains versus the Swiss franc. Despite a European Central Bank's monetary easing, the euro has remained resilient against the dollar, gaining nearly 4 percent so far this year.
The U.S. consumer price data offset an upbeat labor market report, showing a drop in U.S. jobless claims. U.S. consumer prices rose less than expected in March and underlying inflation slowed.
The consumer price index gained just 0.1 percent last month as a rebound in gasoline prices was partly offset by a drop in the cost of food.