USD/JPY higher

USD/JPY is trading at 124.37, up 0.43. Market chatter about U.S. monetary policy and Wednesday's FOMC statement is on-going. Market chatter about economic data due out of Japan is making rounds. This evening Japan household spending, CPI and unemployment are set for release by the Ministry of Internal Affairs and Communications at 07:30 PM ET. Japan's Housing starts and construction orders are due out 1:00 AM ET.