USD/JPY flows: Moderate PPI

The Japan July PPI bangs in estimate and suggest moderate inflationary pressure.  It is also reported that China hits Canadian canola with 75.8% tariffs, though the broad risk atmosphere does not seem to be affected. Canada looks like to be a major loser, taking a beating from both China and U.S..

USD/JPY is trading 0.16% higher at 148.07.