USD/JPY climbs from two-month trough
Economies.com
2021-05-03 05:57AM UTC
USD/JPY tilted higher in Asian trade away from March 4 lows amid a lack of data from Japan due to a bank holiday and ahead of US data today.
As of 06:52 GMT, USD/JPY rose 0.36% top 109.63, with an April 13 high at 108.71, and a session low at 109.19.
From the US, the Markit manufacturing index is expected up to 60.7 from 60.6, while construction spending is expected up 1.7% in March.
US ISM manufacturing PMI is expected up to 65.0 from 64.7 in March, while manufacturing prices are estimated up to 86.0 from 85.6.
Federal Reserve Chair Jerome Powell is due to speak about community development at an online conference hosted by the National Community Reinvestment Coalition.
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