USD/JPY Little Changed

USD/JPY is trading a little lower Thursday morning at 118.92, down 0.05. Trading has been range-bound overnight. Chatter about the FOMC statement on Wednesday continues keep both buyers and sellers active. Overnight Japanese Industrial production came at down 0.3 percent versus down 3.1 percent last month. Year-over-year Industrial Production was down 1.2 percent versus down 2 percent. Japanese Housing Starts were up 0.7 percent versus down 3.1 percent.