Japan data - May household spending -1.8% y/y (expected +0.1%) ...Middle East

Household Spending for May 2024 -1.8% y/yexpected 0.1%, prior 0.5%For the m/m -0.3%expected +0.5%, prior -1.2%Well, that's a terrible result! At the margin a yen negative. Not going to support Bank of Japan interest rate hikes. This article was written by Eamonn Sheridan at www.forexlive.com.

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