An ugly miss for this data point. At the margin its not yen supportive.
July household spending +0.1% y/y
expected +1.2%, prior -1.4%
-1.7% m/m
expected -0.2%, prior +0.1%
USD/JPY update. Looks like its going to be a long wait until NFP.
This article was written by Eamonn Sheridan at www.forexlive.com.
