USD/JPY on track for first weekly profit in three

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

As of 06:09 GMT, USD/JPY rose 0.02% to 113.47, with an intraday high at 113.58, and a low at 113.33. 

From Japan, producer prices rose 0.6% in November, slowing down from 1.2%, while on a yearly basis, prices rose 9%, accelerating from 8.3% in October.

From the US, consumer prices are expected up 0.7% in November, slowing down from 0.9%, while core prices are estimated up 0.5%, slowing down as well from 0.6%.

University of Michigan's consumer sentiment index is expected up to 67.9 from 67.4 in November, while federal budget deficit is expected up to $195 billion from $165.1 billion in October.