USD/JPY gains ground ahead of Fed minutes

USD/JPY tilted higher in Asian trade ahead of some US data and the Federal Reserve's minutes for the November meeting and following data from Japan.

As of 06:53 GMT, USD/JPY rose 0.03% to 104.47, with an intraday high at 104.60. 

Earlier Japanese data showed the services prices index down 0.6%, compared to a 1.4% increase in September, while core prices remained at zero. 

From the US, GDP growth is expected up 33.1% in the second quarter, compared to a 31.7% tumble in the first, while GDP prices are expected up 3.6%. 

US unemployment claims for the week ending November 21 are estimated down 10 thousand to 732 thousand, while continuing claims for the week ending November 14 are expected down 352K to 6.02 million.

US durable goods order are expected up 1% in October, compared to a 1.9% increase in September. 

US goods trade deficit is expected up to $80.2 billion from $79.4 billion in September.

US personal spending is expected up 0.4%, slowing down from 1.4%, while personal income is expected unchanged, compared to a 0.9% increase in September. 

The General Services Administration in the US just announced Joe Biden's win in the 2020 presidential elections, succeeding Trump as the 46th president of the US. 

Biden intends to choose former Fed Chair Janet Yellen as his Treasury Secretary, becoming the first woman to do this role.