USD/JPY extends gains

USD/JPY is trading at 123.63 up 0.64. The pair has extended Tuesday's gains into Wednesday's U.S. forex trading session. USD/JPY is trading near the highs of the session. Market talk about the Bank of Japan Minutes has kept trading active and firm overnight. Japan's Small business confidence index came out at 48.1 versus 47.4 in the previous report. Japanese retail trade data is due out this evening. Japan's CPI data and Industrial production figures are due out Thursday night. Market talk about comments from the G-7 meetings is making the rounds.