USD/JPY Moves Down

USD/JPY has moved a down in volatile trading. Some chatter is attributed the weakness to general Japanese and U.S. stock futures weakness Tuesday morning. The pair is trading at 121.39, down 0.15. after testing 1.2200 earlier in trading. Market talk about Japan's January machinery orders data due out Tuesday night is making the rounds. Market talk is that buyers are near 121.03 and sellers at 1.2175.