USD/JPY Moves Down

USD/JPY is trading at 106.04, down 0.13 The pair is trading rangebound and has erased some early session gains. Market chatter about money flows and headline news is ongoing. Trading remains largely rangebound. There is a lot of talk about global growth and central bank monetary policy. The Nikkei Manufacturing PMI for Japan is due out Thursday evening. The Bank of Japan (BOJ) meets on Thursday July 28th. In other forex markets; GBP/USD is trading at 1.3112, down 0.0145. EUR/USD is trading at 1.1014, down 0.0054. USD/CAD is trading at 1.3039, up 0.0080. AUD/USD is trading at 0.7495, down 0.0079. USD/CNY is trading at 6.6694, down 0.0080.