Yen rebounds from seven-week low

USD/JPY tilted lower in Asian trade off December 27 highs following industrial Japanese data and ahead of US data. 

As of 06:05 GMT, USD/JPY shed 0.11% to 110.36, with a session-low at 110.26, and a high at 110.55. 

Earlier Japanese data showed industrial output fell 0.1% m/m, and fell 1.9% y/y. 

Now investors await US data, with import prices expected down 0.1%, while the Empire State Manufacturing Index is expected up to 7.1. 

US industrial production is expected up 0.1%, while the capacity utilization rate is estimated up to 78.8%.