Bloomberg’s gauge of the US currency fell for a fourth day, with the yen leading major peers higher following Japan’s recent election, after softer-than-forecast retail sales data published Tuesday reinforced the case for more Fed easing. Concern ahead of US payrolls data due Wednesday and inflation numbers on Friday are giving traders further reason to trim dollar positions. “The relative rates story is back in play with soft US economic data encouraging investors to price in greater chance of further Fed rate cuts,” said David Forrester, a strategist at Credit Agricole in Singapore.