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Japan data - July household spending +0.1% y/y (expected +1.2%)

Japan data - July household spending +0.1% y/y (expected +1.2%)

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Eamonn Sheridan
05/09/2024 | 23:30 GMT
  • Japanese consumer not showing up

An ugly miss for this data point. At the margin its not yen supportive.

July household spending +0.1% y/y

  • expected +1.2%, prior -1.4%

-1.7% m/m

  • expected -0.2%, prior +0.1%
usdyen household spending Japan July 2024 2

USD/JPY update. Looks like its going to be a long wait until NFP.

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