USD/JPY is trading at 121.10 , up 1.05. The pair has extended the session gains and is trading near the highs of the session in a choppy fashion. Trading is rapid paced and some general buying is occurring. Some chatter about sellers near 121.70 is making the rounds. Japan's July Inflation data, Unemployment and Retail sales figures are due out tonight at 7:30 PM ET.
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