USD/JPY falls for third straight session to three-week low

USD/JPY tilted lower in Asian trade away from March 2020 lows, following earlier data from Japan and ahead of US data later today.

As of 07:05 GMT, USD/JPY fell 0.15% to 108.90, with a three-week low at 108.75. 

From Japan, machine orders fell 8.5%, compared to a 4.5% drop in January.

From the US, import prices are expected up 1% in March, while Fed Chair Jerome Powell is due to speak at the Economic Club of Washington, via satellite. 

The Federal Reserve will release the Beige Book today, which is used by the FOMC to help make their next decision on interest rates. However, it tends to produce a mild impact as the FOMC also receives 2 non-public books - the Green Book and the Blue Book - which are widely believed to be more influential to their rate decision

Federal Reserve Bank of Atlanta President Raphael Bostic will participate in a panel discussion about redesigning cities to tackle systemic racism at an online event hosted by the Georgia Tech School of Architecture.