USD/JPY Moves Down

USD/JPY is trading at 1.2142, down 1.115. The pair is trading soft near the lows the session Wednesday morning. Market chatter about the global financial headline news is making the rounds. The Bank of Japan's June bank lending data came out at up 2.6 percent year-over-year versus 2.7 percent in May. The Ministry of Finance reported that Japan's trade balance was -47.3 billion yen versus -146.2 on the previous report. The Cabinet office's June Eco-Watch Current Index came out 51 versus 53.3 in May. The Outlook Index came out 53.5 versus 54.5.