Published: 2024-10-08T00:11:31.000Z
USD/JPY flows: Consumption looks to be improving
FX Analyst
1
Japan labor cash earnings +3.0% y/y in August
Japan Overall Household spending +2.0% m/m
Labor cash earning continues to grow strongly at 3% y/y in August while overall household improve by 2% m/m. While the data may not be as strong as forecast, it continues to point to a consumption rebound for Japan in Q3.
USD/JPY is trading 0.14% lower at 147.96.