USD/JPY Trading Higher, Japan Retail Sales Flat

USD/JPY is trading at 104.96, up 0.27. The pair is trading rangebound and just under the session highs. Market chatter about global money flows is making the rounds. Japan's Ministry of Economy,Trade and Industry reported that year over year retail sales fell 1.9 percent during September versus a 2.2 percent fall in August. On the month September retail sales in Japan were flat versus a 1.1 percent fall in August.