USD/JPY Lower

USD/JPY is trading at 123.71, down 0.17. The pair is trading soft just above the session lows. Gains from early in the session on Friday have eroded. Market talk about headline financial news and U.S. economic data is making the rounds and has led to some selling.

Next week, small business confidence data is due out early Wednesday morning. The Ministry of Economy, Trade and Industry is scheduled to release June industrial production data early Thursday morning. Thursday evening, CPI data is set for release by the Ministry of Internal Affairs and Communications.