USD/JPY moves down

USD/JPY is trading at 121.24, down 0.40. The pair is trading very choppy. Housing starts year over year were up 7.4 percent in July. Construction orders were down 4 percent on a year over year basis. The Ministry of Economy, Trade and Industry showed that preliminary Industrial Production for July was down 0.6 percent versus June. On a year over year basis the data was up 0.2 percent. Market talk about Japanese and global equity markets, money flows and global news is ongoing and fluid.