United Kingdom Manufacturing Production (YoY) came in at 3.8%; (MoM) came in at 1% in February

Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has sold off from the top of a shallow up channel, which today is located at 104.08, and we would allow for a small dip back (there are conflicting signals – but scope for a slide back towards 102.27/05)...