Japan's Retail Trade for the year ended in May, clocking in at 3% YoY versus the forecast hold at 2.0%.
Japan 's Retail Trade for the year ended in May, clocking in at 3% YoY versus the forecast hold at 2.0%. On the downside, the previous period's print was revised down to 2.0% from the initial print of 2.4%. Large Retailer Sales also increased in May, climbing to 4% YoY versus the previous month's print of 3%. Seasonally-adjusted Japan ese Retail Trade revealed a front-loaded uptick in retail activity, with MoM large retailer sales clocking in at 1.7% in May compared to April's 1.
Generally, a high reading is seen as bullish for the Japanese Yen , while a low reading is seen as bearish. Read more. Last release: Wed Jun 26, 2024 23:50 Frequency: Monthly Actual: 3% Consensus: 2% Previous: 2.4% Source: Ministry of Economy, Trade and Industry of Japan Market reaction USD/JPY is slipping back i nearly Thursday trading, sliding to 160.50 after hitting a fresh 38-year peak on Wednesday. The pair clipped into an almost four-decade high at 160.
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