Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
USD/JPY turns around to trade a little higher on the session
The overall mood in the market continues to lean towards being more risk averse, so I wouldn't look too much into the price action in the past hour.
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