USD/JPY climbs for first session in four

USD/JPY tilted higher in Asian trade off April 27 lows amid a lack of data from Japan and US and ahead of speeches by Fed officials later today. 

As of 07:09 GMT, USD/JPY rose 0.26% to 108.84, with an intraday high at 108.92 and a low at 108.47. 

Last Friday, US data showed unemployment rose to 6.1% from 6%, while the economy added 266 thousand new jobs last month, down from 770K in the previous month.

US average income rose 0.7% in April, compared to a 0.1% dip in March, while President Joe Biden expressed confidence in the economy's path towards recovery. 

The heavily disappointing labor data however limited optimism for recovery, and could actually send the Fed into prolonging the current state of ultra low interest rates and easy policies. 

The Japanese government extended the emergency state until late May, with the government aiming to vaccinate millions of citizens a week ahead of the Olympics.