USD/JPY Little Lower, CPI Falls

USD/JPY is trading at 100.45, down 0.11. The pair is trading rangebound and in the middle of the session range. Japan's Ministry of Internal Affairs and Communications reported that year over year CPI (consumer prices) fell 0.4 percent, it was the fifth month in a row of declines. Core consumer prices fell 0.5 percent versus a year ago, the same decline as in June and the fifth consecutive decline. On the month July CPI declined by 0.2 percent versus the 0.2 percent decline in June. Tokyo's August year over year CPI fell 0.4 percent, on the month Tokyo's August CPI fell 0.5 percent versus July's decline of 0.4 percent.