USD/JPY Little Changed, Tool Order Fall Eases

USD/JPY is trading at 102.34, up 0.05 The pair is trading rangebound early Tuesday morning. Market talk about global headline news and money flows is making the rounds. Japan's Machine Tool Builders Association (JMTBA) reported that Machine Tool Orders eased their year over year decline in July to a 19.6 percent fall versus a decline of 19.9 percent decline in June. Japan's Cabinet Office is scheduled to release machinery orders and producer prices (PPI) at 7:50 P.M. ET.