US Import Price Index (MoM) rises to 0.6% in Jan and (YoY): -1.3

The USD/JPY has had a wild session, spanning nearly 100 pips (92.82 intraday minimum, 93.79 intraday maximum). In recent moments however the pair has rescinded its gains, though is now returning to opening levels where it is testing negative territory on the heels of economic data in the US. At the time of writing the pair is negotiating the region of 93.45/46.