The US Dollar is up against the Japanese Yen in the European trading session, trading above 148.00 levels.
The USD/JPY currency pair is trading higher in the European session, as it rebounds from yesterday's dip following lower than expected US CPI inflation data. In Japan, there is no major data scheduled today. In the US, Initial Jobless Claims (226k exp) and Year on Year PPI Inflation data for February (3.3% exp) will be released (12:30 GMT).