USD/JPY is currently trading at the session high of 111.98, having hit a low of 111.84 earlier today.
The US consumer spending, as represented by retail sales, surged in March by the most in a year and a half, the data released last week showed. Further, the jobless claims hit 50-year lows, quieting recession talks.
Meanwhile, the Bank of Japan (BOJ) reduced the amount of long-dated bond purchases on Friday.
As a result, it is not surprising to see that the greenback is mildly bid in Asia in holiday-thinned trade.
Source : FXstreet