Yen climbs off year nadir versus dollar

Yen tilted higher in Asian trade against the greenback away from November 2017 lows, following earlier wages, spending data from Japan, and ahead of US labor data. 

As of 06:01 GMT, USD/JPY inched down to 113.88, with an intraday low at 113.85, and a high at 114.10. 

Earlier Japanese data showed household spending rose 2.8% y/y, compared to a 0.1% increase in July, while average earnings rose 0.9%, slowing down sharply from 1.6%. 

An index that combines many other indices into one rose to 104.4 from 103.9, edging estimates of 104.3. 

Now investors await the all important US payrolls report, with the unemployment rate expected to fall to 3.8% from 3.9%, while payrolls are estimated to have increased 185 thousand, down from 201 thousand in August. 

The US trade deficit is estimated at $53.4 billion, up from $50.1 billion in July, while Federal Reserve Bank of Atlanta President Raphael Bostic is due to speak at the Financial Literacy and Economic Education Conference, in Atlanta.