USD/JPY Trading Higher, Japan Industrial Production Flat

USD/JPY is trading at 103.21, up 0.32. The pair is trading just under the session highs. Japan's Ministry of Economy Trade and Industry reported industrial production during July flat versus a 2.3 rise in rise June. Year over year industrial output fell 3.8 percent versus a 1.5 percent fall in June. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) reported that year over year housing starts rose 8.9 percent in July versus 2.5 percent fall in June. Construction orders fell 10.9 percent year over year versus a 2.4 percent fall in June.