USD/JPY climbs to near eight-month high

USD/JPY tilted higher in Asian trade off February 15 lows following earlier data from Japan and ahead of US data and Fed speeches later today.

As of 07:11 GMT, USD/JPY rose 0.07% to 107.09, with an intraday high at 107.11. 

From Japan, consumer confidence index fell to 33.8 from 29.6, beating estimates of 29.9. 

From the US, productivity is expected down 4.7%, compared to a 4.8% drop in the fourth quarter, while labor unit costs are expected up 6.7%. 

US unemployment claims for the week ending February 27 are expected up 28 thousand to 758 thousand, while factory orders are estimated up 2.2% in January.