The US Dollar is up against the Japanese Yen in the European trading session, trading above 150.00 levels.
The USD/JPY currency pair is trading higher in the European session, following the stronger American dollar, although expectations remain firm that the Bank of Japan will likely hike interest rates more than once this year. In Japan, Bank of Japan Housing Starts data for January was posted today, with worse than expected results at -4.6% (vs -2.6% exp). In the US, YoY Core PCE Price Index data for January (2.6% exp) will be released (13:30 GMT).