Published: 2024-12-06T03:05:13.000Z
USD/JPY flows: Household spending beats
FX Analyst
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Japanese October household spending -1.3% y/y, 2.9% m/m
The October Household spending in Japan has beaten estimate and is growing at 2.9% m/m. While the y/y figure remains in negative territory, it is better than estimate. However, labor cash earning arrived as expected at 2.6% but is the slowest in months, which may indicate more slowing in the rest of 2024.
USD/JPY is trading 0.19% lower at 149.8.