Updates
* Dollar, yen advance on safe-haven bid
* Investors wary ahead of more U.S. corporate earnings
* U.S. retail sales unexpectedly fell in March (Updates prices, adds quotes, changes byline, changes dateline, previous LONDON)
By Wanfeng Zhou
NEW YORK, April 14 (Reuters) - The dollar and yen rose on Tuesday after disappointing U.S. retail sales data and caution ahead of a string of corporate earnings boosted safe-haven flows into the two currencies.
While investors' wariness stoked demand for the dollar and yen, which are often perceived as safer places to park money in times of heightened risk aversion, it pressured the euro and other currencies seen as riskier, such as the Australian dollar.
Despite much higher-than-expected profits from Goldman Sachs , analysts said investors remained cautious ahead of more earnings results later this week from Citigroup , JP Morgan Chase and General Electric .
A government report showing sales at U.S. retailers unexpectedly fell in March further fueled worries about a shaky global economy and helped reverse some of the recent positive sentiment in markets. For more, see [ID:nN13538760].
"This morning's U.S. data came well below expectations and doused the positive sentiment in the markets in the past couple of weeks," said Omer Esiner, forex market analyst at Ruesch International in Washington.
"The data shows that expectations that the U.S. economy has bottomed were overdone," he added. "The (data) reintroduced some risk."
In early New York trading, the euro fell 0.9 percent to $1.3252 and 1.5 percent to 131.70 yen .
Traders said the euro also fell on technical factors after failing to extend gains on Monday that took it close to $1.34 against the dollar, its highest level in nearly a week.
"The euro made a big move yesterday but of very low liquidity. The moves today are more of a bit of payback from that," said Adarsh Sinha, currency strategist at Barclays Capital.
The dollar dropped 0.7 percent against the yen to 99.35 yen . The ICE Futures' U.S. dollar index, which tracks the greenback against a basket of currencies, rose 0.4 percent to 84.933
