USD/JPY Trading Higher, Japan Industrial Production Eases

USD/JPY is trading at 107.87, up 1.23. The pair is trading choppy and has extended Friday's firm trade into Monday morning. Chatter about weekend headline news, money flows and comments from policy makers is ongoing. Japan's Ministry of Economy Trade and Industry reported Japan's industrial production rose 0.6 percent in September versus a 1.3 percent rise in August. Year over year Japans' industrial output eased to a rise of 1.5 percent in September versus a 4.5 percent rise in August. Japan's Capacity Utilization fell 2 percent versus a 2.6 percent rise in August.