It is a quiet morning for the USD/JPY. There are no economic indicators from Japan or China to influence early in the session. However, Tertiary Industry Activity Index numbers will draw interest late in the Asian session. Economists forecast the Index to rise by 0.4% in May versus an increase of 1.2% in April. While the numbers will draw interest, we don’t expect tertiary industry activity to influence the Bank of Japan. Investors must wait until Friday for national inflation numbers to guess what’s next from the BoJ. The US Session It is a busy day on the US economic calendar. US retail sales, industrial ... (full story)