The Australian service sector entered a recession as measured by the AiG Performance of Services Index, which dropped below 50.0. This was countered by a much stronger retail sales report for November, and the AUDJPY added to its advance. As traders await today’s US NFP report, how will safe-haven assets perform following the release? What impact will this have on price action? Today’s fundamental analysis will take a look at price action in both directions.

Japanese household spending surprised with a monthly increase and an annualized contraction. The Japanese Leading Index and Japanese Coincident Index came in as expected, pointing towards a stagnant economy. After global tensions eased from its most recent peak, the Japanese Yen came under selling pressure. How will the AUDJPY finish the trading week? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.