USD/JPY resumes rebound from three-week trough

USD/JPY tilted higher in Asian trade off December 6 lows following a spate of data from Japan and amid a lack thereof from the US.

As of 06:10 GMT, USD/JPY rose 0.10% to 114.32, with an intraday high at 114.47, and a low at 114.31.

From Japan, retail sales rose 1% in November, compared to a 1.2% increase in October, while rising 1.9% on a yearly basis, compared to a 0.9% rise in October, besting expectations of 1.7%.

Bank of Japan revealed the minutes of its last meeting, at which it maintained rates at negative 0.10% as expected while extending its Covid financial support program for six months until September 2022.