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USD/JPY declines for first session in six off five-month high
USD/JPY tilted lower in Asian trade off September 2020 highs, following earlier data from Japan and ahead of some US data later today.
As of 07:06 GMT, USD/JPY fell 0.13% to 105.90, with a five-month peak at 106.22.
Earlier Japanese data showed trade deficit down to 324 billion yen from 750 billion in December, while analysts expected a 600 billion yen deficit.
Japan's exports rose 6.4%, while imports tumbled 9.5%, as machine orders rose 5.2%, up from 1.5% in November.
From the US, retail sales are expected up 1.1% in January, compared to a 0.7% decline in December.
US producer prices are expected up 0.4%, compared to a 0.3% drop in December, while core prices are expected up 0.2%.
US wholesale inventories are expected up 0.5% in December, same as November, while industrial production is expected up 0.4%, slowing down from 1.6%.
Federal Reserve Bank of Richmond President Thomas Barkin is due to participate in a panel discussion at an online event hosted by the Maryland Chamber of Commerce.
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