The US Dollar is down against the Japanese Yen in the European trading session, trading below 147.00 levels.
The USD/JPY traded lower in the European session, as the overall positive trade outlook is motivating investors to move away from the US dollar and into other currencies. In Japan, the Purchaser Price Index (PPI) came out in line with expectations (2.9%). In the US, Initial Jobless Claims data (236k exp) will be published (13:30 GMT+1).
