Retails Sales in Japan, published earlier, signaled strong growth. This was good news for Japan's economy as it continues to try to escape deflation. The JPY today will continue to be influenced by traders' lack of risk appetite as no major news will be published today as it is a bank holiday in Japan.
The Yen is expected to trade neutral during the day. If investors see more ranking warnings they may continue to support the Yen against other major currencies as a part of the risk averse trading environment currently present. The EUR/JPY is currently trading at 123.29, and USD/JPY improved since the day started to 93.30.