USD/JPY Extends Gains

USD/JPY is trading at 116.71, up 0.85.

The pair is trading at session highs. Market chatter about global money flows and comments from various policy makers has kept buyers and sellers active.

Some talk about sellers backing away for over 117.00 and buyers near 115.80 is starting to show up.

Japan's Cabinet Office is scheduled to release the Eco-Watchers survey at 12:00 a.m. ET.