USD/JPY Little Changed

USD/JPY is trading at 123.55, down 0.02. The pair Is trading rangebound Wednesday morning. Market chatter about possible comments in the U.S. Federal Reserve statement this afternoon has kept both buyers and sellers active. Japan Retail Sales for June were up 0.9 percent versus up 3.0 percent in May. Japan's Ministry of Economy, Trade and Industry is scheduled to release June industrial production data on Thursday night. Thursday evening household spending, CPI and Unemployment is set for release by the Ministry of Internal Affairs and Communications.