Yen retreats for third straight session to seven-week trough

USD/JPY rose in Asian trade to December 28 highs following earlier Japanese data and ahead of important US inflation data today. 

As of 05:57 GMT, USD/JPY rose 0.13% to 110.62, with an intraday low at 110.32, and a seven-week high at 110.70. 

Earlier Japanese data showed producer prices fell 0.6% m/m, same as December, while rose 0.6% on a yearly basis missing estimates of 1.0%. 

Now investors await US data on inflation, with consumer prices expected up 0.1%, compared to a 0.1% dip in December, while core prices are estimated with a 0.2% increase, same as December.