United Kingdom Industrial Production (MoM) increase to 1% in Feb from -1.3% in Jan. (YoY) -2.2% vs. -2.9%.

The meteoric climb of the USD/JPY was finally slowed overnight, topping out at 99.68 after a notable run. Since then however, the pair has pulled back during European trading, perhaps signaling a pause to a rally that until earlier seemed virtually unstoppable. At the time of writing, the cross is trading at 99.05/07, down -0.31% from its opening.