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Japan Industrial Production (MoM) falls to -0.1% in Feb from 0.3%

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Forex: USD/JPY slides to 93.96 session lows on disappointing domestic data

USD/JPY is currently trading still above the 94.00 handle at session lows around the 94.12, following disappointing economic data coming out of Japan, showing deflation strongly persisting at a -0.7% pace for the month of February on the overall nationwide count, the lowest since mid 2010. For the core Tokyo on a yearly basis number showed a -0.5% decline in prices, slightly above expectations at -0.6%, but still in the negative sin early 2009.
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