USD/JPY little lower

USD/JPY is trading at 122.48, down 0.17. The pair is trading rangebound and a little lower. Japan's Labor Cash earnings year over year were up 0.6 %. The Ministry of Land and Infrastructure reported that Housing Starts were up 5.8 % year over year. Tonight the Bank of Japan will release the Tankan Large Manufacturing Index along with the Tankan Outlook and Non-Manufacturing Index. Market talk about Geopolitical headline news and U.S. economic data due this morning is making the rounds. Chatter about comments regarding the Eurozone made by global policy makers has kept trading active.