Well hopes for a major test of 84.00 and the large supply at that level and just above look to be dashed as US industrial production came in below expectations at -0.1%. It was the first fall in production in 18 months.

The 83.60 area remains support for USD/JPY near-term though stops from short-term specs are sure to be building…

USD/JPY is at 83.88.

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