EU Industrial Production w.d.a. (YoY): -2.4% in Dec; 0.7% (MoM)

The Asian session pushed the Yen higher, probably in reaction to the G7 FX communiqué and following headlines, sending the EUR/JPY down to 124.78 low. However, the cross was able to fully retrace such losses and return to 125.75 opening price. Still, the market has been rejecting a move higher, with the pair finding its high at 125.89.