USD/JPY Little Higher

USD/JPY is trading at 124.27, up 0.19. The pair is trading near the highs of the session. June household spending year-over-year was down 2 percent versus up 0.4 percent in May. June CPI was down 0.2 percent versus up 0.3 percent in May. Core CPI was up 0.1 percent unchanged from May. June Unemployment rate came out at 3.4 percent, up a little from May. Housing starts in June were up 16.3 percent versus up 5.8 percent in May and construction orders were up 15.4 in June percent versus down 7.4 in May. The Tokyo July Core CPI year-over-year was down 0.1 percent versus up 0.15 in June. The CPI was up 0.2 percent year-over-year. The Nikkei Manufacturing PMI for July is due out on Sunday night.