USD/JPY Lower

USD/JPY is trading at 118.81, down 0.31. The pair is trading weak. Market talk about U.S. economic data and the Federal Reserve meeting on Wednesday is now fluid. Market talk about Japanese Industrial production data due out Wednesday at 7:50 p.m. ET is making the rounds. Market chatter about possible comments by BOJ Governor Haruhiko Kuroda who is scheduled to speak Wednesday at 11:00 p.m. ET is just beginning.