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Forex pairs in this Article » USD/JPY (Barcelona) - More JPY weakness took over the market, even allowing 2.86% gains in the Nikkei index. The USDJPY rose to 90.21 high during the Asian shift, but has been testing the psychological level at 90.00 since then. Currently, the market trades at 89.95.

Japanese industrial production fell further, from -4.5% to -5.5% (YoY) in November with a MoM contraction of -1.4%. Capacity utilization also dropped -0.2%.

"Pressure remains on the topside and move above 90.25 will we suspect trigger another leg higher", wrote Commerzbank analyst Karen Jones, pointing to 93.32 as the target.
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