USD/JPY climbs for fifth straight session

Economies.com
2021-01-12 05:52AM UTC

USD/JPY tilted higher in Asian trade away from March 10 lows for the fifth straight session, following earlier data from Japan and ahead of US data and Fed speeches later today. 

 

As of 06:44 GMT, USD/JPY rose 0.02% to 104.28, with a month high at 104.33, and a session-low at 104.10. 

 

From Japan, current account surplus rose to 2.34 trillion yen from 1.98 trillion in October, beating estimates of 2.0 trillion. 

 

Bank of Japan showed bank lending rose 6.2% in December, down from 6.5% before, while the current conditions index fell to 35.5 from 45.6 in November. 

 

From the US, the JOLTS job openings are expected to show a decline to 6.42 million from 6.65 million, after earlier data showed unemployment steadied at 6.8% in December. 

 

US economy lost140 thousand new jobs last month, compared to adding 336K new job in November. 

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