The US Dollar retreated against the Japanese Yen in the European trading session, trading below 145.00 levels.
The USD/JPY traded lower in the European session, as a positive market outlook on world trade and higher odds of a FED interest rate cut are creating negative pressures on the US dollar. In Japan, Industrial Production for May came out with data being lower than expected (0.5% realised vs 3.4% expected). In the US, Chicago PMI data for June (42.7 exp) will be released (14:45 GMT+1).
