USD/JPY Mostly Lower

USD/JPY is trading at 122.83, down 0.88. The pair is trading choppy with a wide range just under the highs of the session Monday morning. Chatter about the Eurozone and Greece is non-stop and has kept both buyers and sellers very active overnight. Market talk about financial market volatility along with month end positioning and comments from Japanese officials are making the rounds. May Industrial Output came out down 2.2 percent month-over-month. May Retail Sales were up 3 percent year-over-year. Early Tuesday morning the Ministry of Land and Infrastructure is scheduled to release Housing Starts. Tuesday evening the Bank of Japan will release the Tankan Large Manufacturing Index along with the Tankan Outlook and Non-Manufacturing Index.