The data:
- Tokyo area May inflation data: Headline 2.2% y/y (prior 1.8%)
- Japan April Industrial Output -0.1% m/m (expected +0.9%)
- Japan April Retail Sales +2.4% y/y (expected +1.9%)
That data is a mixed bag, I’m surprised the yen has responded at all:
This article was written by Eamonn Sheridan at www.forexlive.com.
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