USD/JPY little lower

USD/JPY is trading at 118.97, down 0.15. Trading is steady and rangebound overnight. Market talk about U.S. economic data and the Federal reserve meeting this week is constant. Japanese Retail trade data came out down 9.7 % year over year versus down 1.7 % on the previous report. Large Retailers sales data were down 13 % versus up 1.3 % on the previous report. Small Business Confidence data came out at 47.4 versus 49.8.
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