New Zealand Jan Electronic Card Retail Sales (YoY) improves to 5.8% vs 3.6%

The Yen is getting whacked across the G10 board, with a fresh wave of selling pressure taking all things Yen to fresh cycle lows. The USD/JPY in particular has been bought up to the boots in the last 90 minutes, with a spike that has gone from 93.35/40 periphery to new highs at 94.45, in a move that was likely accelerated by stop loss positions tripped.