USD/JPY Lower, Reuters Tankan Index Rises

USD/JPY is trading at 102.39, down 0.16. The pair is trading just under the session highs. Market talk about global headline news and U.S. economic data due out today is making the rounds. The Reuters Tankan sentiment index for Japanese manufacturers rose to 5 in September versus 1 in August. It was the first rise in three months, confidence of exporters of cars and electronics improved. The Bank of Japan (BOJ) quarterly tankan survey is due out on Oct. 3.