USD/JPY climbs for seventh straight session

USD/JPY tilted higher in Asian trade on track for the longest winning streak in two months and edging near year highs, ahead of a batch of US data later today.

As of 07:10 GMT, USD/JPY rose 0.04% to 110.77, with an intraday high at 110.82. 

From Japan, the Tenkan manufacturing index rose to 5 from minus 10 in the fourth quarter, while the services index improved to minus 1 from minus 5.

Japan's Markit manufacturing PMI rose to 52.7 from 51.00, beating estimates of 52.1. 

From the US, unemployment claims for the week ending March 27 are expected down 6 thousand to 678 thousand, while continuing claims are expected down 95K to 3,775 thousand.

US manufacturing PMI is expected up to 59.2 from 59.00, while construction spending is expected down 0.9% in February. 

US President Joe Biden announced a $2.25 trillion infrastructure spending plan, while calling for support for raising corporate taxes to 28%.

Otherwise, US Treasury Secretary Janet Yellen said regulators are reviewing whether additional policies are necessary to control risks in capital and mutual funds during the coronavirus pandemic.