USD/JPY tilted higher in Asian trade following earlier data from Japan and ahead of US data later today. 

As of 06:59 GMT, USD/JPY rose 0.24% to 105.65, with an intraday high at 105.74. 

From Japan, services prices fell 0.5% in January, compared to a 0.3% drop in December, missing estimates of -0.4%. 

From the US, the CB leading index is expected up 0.4% in January, while Congress and the White House continue negotiations to finish up the stimulus package estimated at $1.9 trillion.

The main US stock indices closed stable on Friday, paring some of their earlier gains, after the release of weak data, and anticipation of the stimulus talks.

The US Treasury Secretary Janet Yellen said during her interview with CNBC yesterday that the US economy could return to growth and full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus relief package is passed Congress.

Yellen also said earlier this month that if Congress failed to pass the stimulus plan the reopening of the economy would be delayed to the end of 2021, which weighs down on the job market, production and economic activity.

Data showed today that the US manufacturing PMI slowed to 58.5 points in January, from 59.2 points in December, beating forecasts of a drop to 58.4.

The US services PMI rose to 58.9 points from 58.3 in December, beating forecasts of 57.9 points.

To the oil market, WTI crude March futures fell 2.1% or $1.28, and closed at $59.24 a barrel, and posted weekly losses of 0.4% after hitting a day high of $60.2 and a low of $58.5.

Brent April futures fell 1.6% or $1.02, and closed at $62.91 a barrel, weekly gains of 0.8%, after hitting a high of $63.9 and a low of $62.09.

As for stocks, Dow Jones held at at 31494, with a weekly gain of 0.1%, a day high of 31,647, and a low of 31,469.

Nasdaq rose 0.1% or 9 points to 13,874, and registered a 1.6% weekly loss, with a high of 13,985 and a low of 13,842.

S&P 500 fell 0.2% or 7 points to 3,906, and posted a weekly loss of 0.7%, after hitting a high of 3,930 and a low of 3,903.

Silver prices rose on Friday, as the US dollar fell against its peers, and the precious metal closed on a small weekly loss no more than a few cents.

The markets are focused on the ongoing discussions between the White House and the US Congress over President Joe Biden's $1.9 trillion Covid-19 relief plan.

The US Treasury Secretary Janet Yellen said during her interview with CNBC yesterday that the US economy could return to growth and full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus relief package is passed Congress.

The dollar index fell against a basket of major currencies by 0.3% to 90.3 points as of 21:27 GMT, after hitting a high of 90.6 points and a low of 90.1 points.

Data showed today that the US manufacturing PMI slowed to 58.5 points in January, from 59.2 points in December, beating forecasts of a drop to 58.4.

Silver March futures rose 0.7% or 18 cents, and closed at $27.254 an ounce, with today's high at $27.710 and the low at $26.105 .

The US dollar fell against its peers on Friday after the release of disappointing economic data, amid anticipation of the ongoing talks between the US Congress and the White House on the stimulus plan.

The US Treasury Secretary Janet Yellen said during her interview with CNBC yesterday that the US economy could return to growth and full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus relief package is passed Congress.

Yellen also said earlier this month that if Congress failed to pass the stimulus plan the reopening of the economy would be delayed to the end of 2021, which weighs down on the job market, production and economic activity.

Data showed today that the US manufacturing PMI slowed to 58.5 points in January, from 59.2 points in December, beating forecasts of a drop to 58.4.

The US services PMI rose to 58.9 points from 58.3 in December, beating forecasts of 57.9 points.

The dollar index fell against a basket of major currencies by 0.3% to 90.3 points as of 19:49 GMT, after hitting a high of 90.6 points and a low of 90.1 points.