USD/JPY climbs for first session in six

USD/JPY tilted higher in Asian trade off March 13 lows following earlier retail sales data from Japan and ahead of US data. 

As of 05:47 GMT, USD/JPY rose 0.34% to 105.28, with an intraday high at 105.29. 

Earlier Japanese data showed retail sales rose 13.1% m/m in June, besting estimates of 7.1%, while falling 1.2% y/y, compared to a 12.5% tumble in May. 

From the US, GDP is expected to have shrunk 34.5% in the second quarter of the year, compared to a 5% drop in the first quarter. 

Unemployment claims for the week ending July 25 are expected up 24 thousand to 1.44 million, while continuing claims for the week ending July 18 are estimated up 3 thousand to 16.2 million. 

The Federal Reserve just voted to maintain rates at near zero while asserting it's ready to use all available tools to bolster the economy against the pandemic.