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Forex pairs in this Article » USD/JPY
FXstreet.com (London) - USD/JPY has pegged back most of its early session losses. With US markets closed and no data due from Japan until Wednesday we are unlikely to see any significant price action from the pair.

Mildly disappointing data

Japanese data overnight showed that industrial production fell in November, down 0.1 percent versus consensus expectations of a 0.1 percent rise.

Capacity utilisation fell by a seasonally-adjusted 0.5 percent month-on-month in November. Capacity utilisation fell 2.8 percent year-on-year.

With little to drive the pair in the early part of this week, we are likely to see the pair consolidate after some broad USD recovery last week. USD/JPY is currently trading at JPY104.1540, down 0.08 on the session, recovering from lows at JPY103.8630 following the overnight data release.
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