USD/JPY Moves Up, Eco-Watcher Survey Rises

USD/JPY is trading at 102.27, up 0.45. The pair is trading just under the session highs. Market chatter about Japan's economy, Bank of Japan monetary policy and headline news is making the rounds. Japan's Cabinet Office reported the Eco-watchers current condition survey rose to 45.1 in July from 41.2 in June and the outlook survey rose to 47.1 July from 41.5 in June. The Bank of Japan (BOJ) reported that bank loans rose 2.1 percent year over year in July versus a 2.0 percent rise in June. The Cabinet Office is scheduled to release machinery orders and PPI ( producer prices )Tuesday at 7:50 P.M. ET.