USD/JPY Higher

USD/JPY is trading at 124.26, up 0.30. The pair is trading rangebound with a small trading range. Market talk about U.S. data due out this week and the U.S. Federal Reserve meeting at the end of the month is constant. Early Wednesday morning Japan's ministry of economy is scheduled to release the All Activity Index for May. On Wednesday evening the Ministry of Finance is scheduled to release June trade statistics. Some chatter about light sellers near 124.70 is making the rounds.