Shares retreated in Asia on Thursday after a lackluster finish on Wall Street following a report showing an uptick last month in inflation in the U.S. The dollar was trading near 156 Japanese yen, up from 155.

Asian traders await third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers’ index reading for October.

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates. The S&P 500 rose 0.7% in Thursday afternoon trading,