I think I would trade USD/JPY from the short side tonight. The Chinese economic data saw EUR/JPY sold quite heavily and this is showing the markets weak side. Successive failures just above 126.00 have the technical picture looking a bit suspect. EUR/USD is tough to call but I doubt if it will trade outside a wide 1.2550/1.2825 range so as we near the bottom of the EUR/USD range, my bias for tonights trading sessions is to sell USD/JPY looking for a move to 96.50.