More data to come at the top of the hour
The economic news has been disappointing today and it's weighed on USD/JPY. The yield curve is also back to near-inversion on the 3m-10y metric.
The next hurdle will be due reports at the top of the hour on business inventories and homebuidler sentiment. The NAHB housing index is likely the one that will capture the market's attention. The prior reading was 63 and it's forecast to rise to 64.
