USD/JPY is trading at 124.29, up 0.37. Market chatter about U.S. monetary policy and Wednesday's FOMC statement is ongoing.
Overnight June Industrial production came out up 0.8 percent versus down 2.1 percent in May; Year-over-year the data was up 2 percent versus down 3.9 percent in May.
Household spending, CPI and unemployment is set for release tonight by the Ministry of Internal Affairs and Communications. Housing starts and construction orders are set for release on Friday. The Nikkei Manufacturing PMI for July is due out on Sunday night.
Market chatter about comments made by Bank of Japan officials has been making the rounds.
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