LONDONTOKYO, April 16 Reuters The dollar rose to a fivemonth high against the pound and euro on Tuesday, a day after strongerthanexpected U.S. retail sales sent Treasury yields higher, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990.

Data on Monday showed U.S. retail sales rose 0.7 last month, compared with a 0.3 rise that economists polled by Reuters had forecast, reinforcing expectations that the Federal Reserve is unlikely to rush to cut interest rates this year.

The U.S. economy continues to grow very solidly at a level which is above the longterm trend and which does support higher U.S. bond yields and which argues against the Fed cutting interest rates, said Kenneth Broux, head of corporate research, FX and Rates at Societe Generale.

Markets are now pricing in a 41 chance of the Fed cutting rates in July, compared with around 50 before the data, according to CME FedWatch tool.

Investors will be watching for clues from Federal Reserve Chair Jerome Powell, who is due to speak later on Tuesday, his first comments since U.S. inflation data last week came in hotter than expected.

The euro was down 0.1 at 1.0615, the weakest since Nov. 2, as it continued to slump after the European Central Bank last week signaled a rate cut in June.

Sterling dropped a touch to 1.2438, having earlier hit a fivemonth low of 1.2409, as traders digested data that showed British core wage growth posted its weakest rise since the three months…