Yen climbs off two-month trough against dollar in Asia

Dollar lost some ground against yen in Asian trade away from July 19 highs, ahead of a spate of trade and GDP data from the US and amid a lack thereof from Japan today. 

As of 06:15 GMT, USD/JPY inched down 0.04% to 112.68, with an intraday low at 112.60, and a high at 112.90. 

The Federal Open Market Committee voted at the September 25-26 meeting to increase overnight interest rates by 25 basis points for the third time this year to just below 2.25%, as expected by analysts. 

Now traders await a slew of US data today, with the final reading for second-quarter GDP expected at 4.2%, while durable goods orders are expected to have increased. 

the goods trade deficit is estimated to have shrunk, while unemployment claims are expected with a 7 thousand increase to 208 thousand.