JPY review

Western Union:

The yen may have recovered slightly from 12-year lows, but it remains at highly affordable levels for JPY buyers. The yen got escorted away from late 2002 lows after Japan's finance chief took some exception to its renewed descent. 

Overnight data from Japan depicted the world's No. 3 economy on mixed but still wobbly footing. Inflation slowed to 0.3 percent from 2.2 percent but factory output rebounded with a 1 percent gain which erased a 0.8 percent decline last time.