USD/JPY Lower Ahead of Data

USD/JPY is trading at 103.61, down 0.69. The pair is trading rangebound and a little above the session lows as overseas traders wind down trading for the day. Chatter about global headline news and money flows is making the rounds. Talk about Japanese economic data due out later this evening is starting to show up. The Bank of Japan (BOJ) is scheduled to release producer prices (PPI) at 7:50 p.m. ET.