USD/JPY climbs off seven-month trough

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

As of 06:52 GMT, USD/JPY rose 0.05% to 105.53, with an intraday high at 105.55. 

Earlier Japanese data showed the industrial index up to minus 27 from minus 34, while the services index improved to minus 12 from minus 17. 

Japan's manufacturing PMI rose to 47.7 from 47.3, beating estimates of 47.2. 

From the US, personal spending is expected up 0.7%, while personal income is expected down 2% in August. 

Unemployment claims for the week ending September 26 are expected down 20 thousand to 850 thousand, while continuing claims are expected to 355K to 12.2 million.

US manufacturing PMI is expected at 53.5, up from 53.1 in August, while construction spending is expected up 0.8%.  

Federal Reserve Bank of New York President John Williams is due to deliver opening remarks at the New York Fed's Research Conference on FinTech, via satellite.