The US Dollar is down against the Japanese Yen in the European trading session, trading below 148.00 levels.
The USD/JPY currency pair is trading lower in the European session, reaching an almost five month low, as investors are expecting interest rate rises from the BoJ . In Japan, Foreign Reserves (1,240.6 bln last month) will be posted (23:50 GMT). In the US, Initial Jobless Claims (234,000 exp) will be posted (13:30 GMT).