USD/JPY Moves Down Ahead of Data

USD/JPY is trading at 112.24, down 0.99. The pair is trading very choppy as European forex traders wind down trading for the day. Market talk about global headline news and money flows has kept both buyers and sellers active in a fairly wide range. Chatter about Japanese economic data due out this evening is starting to show up. Japan's Ministry of Internal Affairs and Communications is scheduled to release unemployment and household spending data at 6:30 p.m. ET. Japan's Ministry of Economy, Trade and Industry is scheduled to release retail sales figures at 6:50 p.m. ET.