Yen climbs for first session in four

Dollar fell in Asian trade against yen amid a lack of data from Japan today, and after US President Donald Trump's State of the Union speech to Congress, and ahead of US data later today. 

As of 06:07 GMT, USD/JPY slipped 0.18% to 109.76, with an intraday low at 109.63, and a high at 110.05. 

Trump Speech, US Data 

US President Donald Trump gave his State of the Union speech to Congress, which resurfaced concerns of another partial government shutdown, while investors look forward to US data on labor unit costs, expected with a 1.7% increase, compared to a 0.9% increase in the third quarter. 

Non-farm productivity is estimated up 1.7%, still slowing down from 2.3% in the third quarter, while trade deficit is estimated down to $54 billion from $55.5 billion. 

Tomorrow, Federal Reserve Governor Randal Quarles is scheduled to speak about bank stress testing at the Council for Economic Education, in New York.

The Federal Open Market Committee voted at the January 29-30 meeting to hold overnight interest rates below 2.5%, while changing the wording for future policies to "patience" as the FOMC monitors economic and trade developments.