USD/JPY Trading Higher, Japan's Exports Ease

USD/JPY is trading at 113.67, up 0.39.

The pair is trading near the session highs.

Market talk about global money flows and headline news is making the rounds.

Japan's Ministry of Finance (MOF) reported Sunday that that year over year exports rose by 1.3 percent during January versus a rise of 5.4 percent in December. January year over year imports in Japan rose 8.5 percent versus a decline of 2.5 percent in December. Japan recorded a trade deficit of 1086.90 Billion JPY in January compared to a 641 Billion JPY surplus in December.