USD/JPY Little Higher

USD/JPY is trading at 121.51, up 0.12 Monday morning. Trading overnight has been mostly higher with a small range after Friday's move up. The Bank of Japan released its seasonally adjusted retail trade indexes overnight and the data showed the April real export index was up 1.5 percent at 102.2 versus a rise of 0.2 percent in March. The April real import index was up 5.9 percent at 113.1 versus a decline of 10.1 percent in March.