USD/JPY climbs to three-week high

USD/JPY tilted higher in Asian trade away from March 10 lows following earlier data from Japan and ahead of US data and Fed speeches later today. 

As of 07:09 GMT, USD/JPY rose 0.10% to 103.91, with the highest since mid December at 104.00. 

From Japan, household spending rose 1.1%, slowing down from 1.9% in October, while the leading index rose to 96.6 from 94.3. 

From the US, the payrolls report is expected to show an increase of 60 thousand new jobs in December, while unemployment is expected up to 6.8%. 

Wholesale inventories are expected down 0.1%, down sharply from 1.1% in October. 

US consumer credit is expected up to $9.2 billion in November from $7.2 billion in October. 

Federal Reserve Governor Richard Clarida is due to speak about the US economy and monetary policy at a virtual event hosted by the Council on Foreign Relations.

Congress officially ratified Joe Biden's win as the next President of the United States after hordes of Trump supporters stormed Capitol Hill in an attempt to disrupt the vote.