PPI data out of the US is expected to show the absence of inflationary pressures on the producer level while initial jobless claims are anticipated to remain near record lows. The focus has shifted from the Fed to the phase one trade deal between the US and China which appears incomplete. Some analysts expect it to be signed in December, but details remain scarce and conflicting. How will the USDJPY be impacted following the release of today’s data? Today’s fundamental analysis will take a look at price action in both directions.

Third-quarter GDP out of Japan came in weaker than expected on the back of a disappointment in private consumption while business spending advanced and inflationary pressures inched up. A boost in the key Tertiary Index rallied the Japanese Yen which is also attracting safe-haven bids. What impact will US economic data have on the USDJPY? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.