Retail sales year on year 0.5% vs 0.2% expected
- retail sales for June YoY 0.5% versus 0.2% estimate
- retail sales for June MoM 0.0% versus -0.3% estimate
- Dept store, supermarket sales YoY -0.5% versus -0.6% estimate
All three measures of sales were higher than estimates. In May, retail sales YoY rose 1.3% and MoM sales rose 0.4%. The large store sales fell -0.5%.
Overall, better than expected. The USDJPY has move to 108.59 - a few pips lower.
