If you wanted to see pent-up spring demand from US consumers, this is the news your were waiting for. US vehicle sales soared to the highest pace since 2007.
US vehicle sales
Most analysts expected a downtick in US vehicle sales this year after a strong 2013 but even with the bad weather, sales are on pace to beat last year.
If this is a broader measure of the US economy and a bellweather for how quick consumer spending will rebound, then lookout. The upside in USD/JPY could be substantial.
