The US Dollar is down against the Japanese Yen in the European trading session, trading below 148.00 levels.
The USD/JPY currency pair is trading lower in the European session, following stronger demand for the Yen as a safe haven asset in the Far East. In Japan, Quarter on Quarter Q4 GDP data (0.7% exp) will be posted (23:50 GMT). In the US, Consumer Inflation Expectations data (3% last month) will be released (15:00 GMT).