The US Dollar is up against the Japanese Yen in the European trading session, trading above 150.00 levels.
The USD/JPY currency pair inched higher as profit taking took place after the pair broke through the resistance level of 150 as expectations rose for more rate rises by the BoJ. In Japan, Manufacturing PMI data for January came worse than expected earlier this morning (48.9 realised vs 49.0 expected). In the US, Manufacturing and Services PMI for February (51.3 and 53 respectively expected) will be released (14:45 GMT), Existing Homes Sales for January (4.13M exp) will be posted (15:00 GMT).