Japanese data for the week has started to arrive today but has limited impact on the Japanese yen. The data has arrived as follows: Japan May Retail Sales Retail Sales fall 12.3% year/year – govt. Japanese retail sales shed 12.3% in May from a year earlier, compared with a median market forecast for an 11.6% decline, government data showed on Monday, Reuters reported. USD/JPY outlook The yen is being pushed back against resistance on the data and is being monitored for a break-up structure within a phase of consolidation between 107.08 and 107.22 vs the greenback. USD/JPY drops to pick-up buyers at a 50% retracement to test critical 107.20 resistance Description of The Retail Trade The Retail Trade released by the Ministry of Economy, Trade and Industry captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY struggles for direction above 107.00 amid downbeat Japan data, risk-off mood FX Street 2 years Japanese data for the week has started to arrive today but has limited impact on the Japanese yen. The data has arrived as follows: Japan May Retail Sales Retail Sales fall 12.3% year/year - govt. Japanese retail sales shed 12.3% in May from a year earlier, compared with a median market forecast for an 11.6% decline, government data showed on Monday, Reuters reported. USD/JPY outlook The yen is being pushed back against resistance on the data and is being monitored for a break-up structure within a phase of consolidation between 107.08 and 107.22 vs the greenback. USD/JPY drops to pick-up buyers at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
