USD/JPY dips for first session in five

USD/JPY tilted lower in Asian trade off April 6 highs following earlier data from Japan and amid a lack of data from the US today due to to a public holiday.

As of 07:11 GMT, USD/JPY fell 0.09% to 109.74, with an intraday low at 109.64, and a high at 109.94. 

From Japan, industrial production rose 2.5% in April, compared to a 1.7% rise in March, missing estimates of 4%. 

Japan's retail sales fell 4.5% in April compared to a 1.2% rise in March, while the consumer sentiment index fell to 34.1 from 34.7 in April, still barely besting estimates of 33.2. 

Japan's housing starts rose 7.1% in April compared to a 1.5% increase in March, while the Japanese government just extended the emergency state due to Covid 19 until June 20 to help control the spread of infections.