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Japan data – February Household Spending -0.5% y/y versus -3.0% estimate

  • Prior month -6.3% (they were expecting -4.1%)
  • Household spending for February YoY -0.5% vs -3.0% estimate
  • MoM 1.4% vs -2.1% last month

After last month’s sharper-than-expected fall, this is welcome news for spending.

For a technical look at the USDJPY, see the video below:

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This article was written by Greg Michalowski at www.forexlive.com.

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