USD/JPY climbs for first session in three off year nadir

USD/JPY rose in Asian trade off March 2020 lows following earlier data from Japan and ahead of crucial US data. 

As of 06:51 GMT, USD/JPY rose 0.30% to 108.70, with an intraday high at 108.71. 

From Japan, producer prices rose 0.4% in February, while analysts expected a 0.5% increase, as prices fell 0.7% y/y. 

From the US, unemployment claims are expected down 15K to 730 thousand in the week ending March 6. 

JOLTS Job Openings are expected at 6.65 million in January, same as before.

The House of Representatives passed the $1.9 trillion Covid relief bill before sending it to President Joe Biden, who's expected to sign it into law soon. 

The Senate passed it 50-49, exactly along party lines, while Treasury Secretary Janet Yellen said that new package will provide enough resources to support the economy in the current crisis but it won't fix the long term inequality problems.