Japan Retail Trade for May: +4.6% m/m (expected 2.9%)

Retail Trade for May +4.6% m/m

• expected 2.9%, prior -13.6%

Retail Trade for May -0.4% y/y

• expected -2.0%, prior 4.3%

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OK, you get one guess for what the yen is doing on all this data this morning (spoiler … zero). Earlier data here:

• Japan National CPI y/y for May: 3.7% (expected 3.7%, prior was 3.4%) and the rest of the CPI data
• Japan Overall Household Spending y/y for May: -8.0% (expected -2.3%) – plus employment data