USD/JPY drops from five-week high

USD/JPY tilted lower in Asian trade off June 9 highs following earlier industrial data from Japan and ahead of US data. 

As of 05:50 GMT, USD/JPY shed 0.06% to 107.23, with an intraday low at 107.12. 

Earlier Japanese data showed industrial output fell 8.4% in May m/m, while tumbling 26.3%.

From the US, consumer prices are expected up 0.5% in June, while core prices are estimated up 0.1% m/m, and 0.6% y/y. 

Federal Reserve Governor Lael Brainardis due to speak about the economic and monetary policy outlook at a webinar hosted by National Association for Business Economics. 

The World Health Organization has so far reported over 12.77 million Covid 19 infections worldwide with the death toll touching 570,000.