USD/JPY tumbled 0.94% to 116.93.
The University of Michigan said its consumer sentiment index rose to 93.3 this month from 92.6 in December, beating expectations for a rise to 93.0.
The report came after the U.S. Census Bureau said retail sales fell 0.1% in December, compared to expectations for a 0.1% rise.
Core retail sales, which exclude automobiles, slipped 0.1% last month, disappointing expectations for a 0.2% gain.
A separate report showed that the U.S. producer price index slipped 0.2% in December, in line with expectations. Core PPI, which excludes food and energy, inched up 0.1% last month, in line with expectations.
In addition, the Federal Reserve of New York said its Empire State manufacturing index deteriorated to minus 19.37 this month from a revised reading of minus 6.21 in December. Analysts had expected the index to improve to minus 4.00 in January.
Data also showed that U.S. industrial production declined by 0.4% in December, compared to expectations for a 0.2% downtick, while manufacturing production fell 0.1% after a 0.1% slip.
Meanwhile, the yen remained supported as Brent crude, the global benchmark, fell below the $30 per barrel threshold on Friday, the lowest level since 2004, pressured by concerns over a global supply glut.
The ongoing oil rout weighed heavily on the commodity-related Australian, Canadian and New Zealand dollars.
AUD/USD plummeted 1.39% to nearly six-year lows of 0.6887 and NZD/USD dropped 0.69% to three-month lows of 0.6433, while USD/CAD climbed 0.78% to an almost 13-year peak of 1.4477.
Meanwhile, EUR/USD advanced 0.85% to trade at 1.0957.
Elsewhere, the dollar was higher against the pound, with GBP/USD down 0.43% to fresh five-and-a-half year lows of 1.4351, and was lower against the Swiss franc, with USD/CHF declining 0.66% to 0.9983.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.50% at 98.61
