USD/JPY Little Changed, Industrial Production Falls

USD/JPY is trading at 104.67, down 0.04. The pair is trading rangebound Wednesday morning after Tuesday's surge higher. Japan's Ministry of Economy Trade and Industry reported industrial production fell 2.6 percent in May versus a rise of 0.5 percent in April. Year over year industrial production slipped 0.4 percent in May versus a decline of 3.3 percent in April.