USD/JPY climbs from five-month trough

USD/JPY tilted higher in Asian trade off March 12 lows following earlier inflation data from Japan and ahead of US data. 

As of 05:50 GMT, USD/JPY rose 0.14% to 106.10, with an intraday high at 106.19. 

Earlier Japanese data showed the Tokyo consumer prices index up 0.6% y/y in July, compared to a 0.3% increase in June. 

Core prices, excluding food, rose 0.4%, while prices also excluding energy rose 0.6%. 

Japan's finance minister Taro Aso described yen's recent surge as "quick", with the government concerned about the impact of a stronger currency on exports. 

From the US, factory orders are expected up 5.1%, slowing down from 8% in May. 

US House of Representatives Majority Leader Nancy Pelosy said she'll meet US Treasury Secretary to continue discussions on the financial rescue package.