USD/JPY little higher

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USD/JPY is trading at 124.11 up 0.38. Japans' Ministry of Economy, Trade and Industry released April retail sales data overnight. The figures showed sales increased by 5 % versus March's decline of 9.7 %. April Large Retailers sales data came out up 8.6 % versus down 13.0 % in March. Japan's CPI data and Industrial production figures are due out Thursday night. Market talk about comments from the G-7 meetings continues to keep buyers and sellers active. Chatter about U.S. data due out today is making the rounds.

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