USD/JPY Trading Lower Ahead of Data

USD/JPY is trading at 111.88, down 0.50. The pair is trading choppy as overseas forex traders wind down trading for the day. Market talk about headline news and comments from global policy makers has kept buyers and sellers active. Chatter about Japanese economic data due out the rest of the week is starting to show up. Japan's Cabinet Office is scheduled to release Japan's machinery order data this evening at 6:50 p.m. ET. The Bank of Japan's (BOJ) corporate goods price index (CGPI) is scheduled for release Thursday at 6:50 p.m. ET.