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

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%

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