USD/JPY Trading Lower, Japan Industrial Production Rises

USD/JPY is trading at 100.99, down 0.26. The pair is trading modestly choppy and just above the session lows. Market talk about economic data and headline news is making the rounds. Japan's Ministry of Economy Trade and Industry reported that industrial production rose 2.3 percent in June versus a rise of 1.9 percent in May. Year over year industrial production fell 1.5 percent in June versus a decline of 1.9 percent in May. Japan's Economy Minister Nobuteru Ishihara said the economy was growing modestly and policy makers were monitoring slowdowns in emerging economies. Ishihara also said the government's economic package offered a plan for sustained growth.