USD/JPY Little Changed, Services PMI Improves

USD/JPY is trading at 101.19, up 0.11 The pair is trading rangebound Wednesday morning after Tuesday's steep fall. Market chatter about the overnight release of the Bank of Japan policy meeting minutes is making the rounds. The Nikkei Japan services PMI (purchasing managers survey) for July rose to 50.4 versus 49.4 in June.