USD/JPY Trading Lower, Housing Starts Rise in Japan

USD/JPY is trading at 112.44, down 0.30. The pair is trading a little above the session lows. Market talk about global money flows and headline news is making the rounds. Japan's Ministry of Land, Infrastructure and Transport (MLIT) reported that year over year construction orders rose 1.1 percent during January after rising 7.1 percent in December. Japanese housing starts rose 12.8 percent during January versus a rise of 3.9 percent in December.