Japan Industrial Production (YoY) declines to -11% in Feb from -5.8%

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.