USD/JPY backs off three-week high

USD/JPY tilted lower in Asian trade off January 10 highs following earlier data from Japan and ahead of US data later today.

As of 06:18 GMT, USD/JPY fell 0.12% yo 115.00, with an intraday low at 114.89, and a high at 115.19.

From Japan, the unemployment rate fell 2.7% in December, compared to estimates of a 2.8% decline.

Japan's manufacturing PMI rose to 55.4 in January from 54.3 in December.

From the US, Markit services PMI is expected at 55.00 in January, down from 57.7 in December, while US construction spending rose 0.7% in December, compared to a 0.4% increase in November. 

The ISM services PMI on the other hand trimmed down to 57.4 in January from 58.7 in December, while services prices are expected down to 67.6 from 68.2.

The JOLTS job openings index is expected down to 10.35 million from 10.56 million in November, while private sector employment is expected up 175K, slowing down rapidly from 807 thousand.