USD/JPY flows: JPY supported by strong service PPI

The Japan April services PPI has come in strong at 3.1% y/y. The increasing inflationary pressure combines with BoJ's "hawkish" rhetoric, has kept market participants hopeful of a move from the BoJ when the fog of trade conflict with the U.S. fades. 

USD/JPY is trading 0.39% lower from the data's support and the lower opening of U.S. equities.