Retail sales data from Japan for the month of June, inline m/m and a small beat y/y
+1.5% m/m
- expected +1.5% m/m, prior -1.7%
+ 1.8% y/y
- expected +1.7% y/y, prior +0.6%
A solid bounce back after a disappointing May
Yen not doing much at all so far today.
Don't forget, there is a Bank of Japan meeting today and tomorrow. Statement and Kuroda press conference tomorrow. I'll have more to come on this separately
