Yen slips against dollar in Asia

Dollar tilted higher in Asian trade against yen after a spate of data from Japan and ahead of US inflation data later today. 

As of 06:04 GMT, USD/JPY rose 0.06% to 111.07 from the opening of 111.0, with an intraday high at 111.14, and a low at 110.77. 

Earlier Japanese data showed core machinery orders fell 3.7% m/m in May, compared to a 10.1% surge in April, while analysts expected a 5.2% drop, while rallying 16.5% y/y, up from 9.6% in April, and besting estimates of 10.9%. 

Tertiary Industry Activity rose 0.1% in May, slowing down from 1% in April, and beating estimates of a 0.4% fall, while an index tracking goods prices for local companies rose 0.2% m/m as expected, slowing down from 0.6% in May. 

Now markets await US producer prices data, expected to show growth slowing down to 0.2% from 0.5% in April, while core prices are expected to have slowed down as well to 0.2% from 0.3%. 

Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled  to speak at the Virginia Society of Certified Public Accountants, while Federal Reserve Bank of New York President John Williams is due to speak about the local economy at a town hall event, in Brooklyn later today.