Consumer confidence from the Conference Board:
- Prior was 78.1 (revised to 77.5)
- Present situation 79.1 vs 75.3 prior
- Expectations 81.8 vs 79.0 prior
- Jobs hard to get 32.6 vs 32.9 in Dec
I don’t put much faith in what consumer confidence says about the economy but USD/JPY is moving higher after the data. I suspect that’s more of a delayed reaction to an upbeat day in the US stock market with all the data out of the way now.
