The USD/JPY has regained its footing and moved back toward the highs of the session Tuesday afternoon. The pair is trading at 118.65. Chatter is creeping in about the headline news regarding the Japanese citizens captured and held for ransom by ISIS.
Meanwhile, Japan's Central Bank is due to release its Monetary Policy Statement on Tuesday at 7:30 p.m. ET. After the release the BOJ has a press conference at 11:30 p.m.
Forex markets are trading choppy.
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