Japan wages data is encouraging
Labour Cash Earnings +4.5% y/y
- expected +2.4%, prior +2.0%
Real Cash Earnings +1.1% y/y
- expected –0.9%, prior –1.3%
Spending data less encouraging:
- Japan data – Household spending for June -1.4% y/y (expected -0.9%)
USD/JPY update:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
