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Japan retail sales April +0.8% m/m (prior +1.7%) & +2.9% y/y (expected +2.6%, prior +0.7%)

Eamonn Sheridan
30/05/2022 | 23:58 GMT

Industrial output figures also published:

  • Japan preliminary industrial production for April -1.3% m/m (expected -0.2%)

USD/JPY had traded higher into the figures and following earlier data:

  • Japan unemployment rate (April) 2.5% (vs. expected 2.6% and prior 2.6%)

USD/JPY update now:

usdyen 31 May 2022

The oil price is steadily rising yet again, as I update WTI is above $117. Japan is an enormous importer of energy, rising oil prices are headwind for yen.

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