USD/JPY has bounced from its US session lows after the morning's data
The data:Tokyo area May inflation data: Headline 2.2% y/y (prior 1.8%)Japan April Industrial Output -0.1% m/m (expected +0.9%)Japan April Retail Sales +2.4% y/y (expected +1.9%)That data is a mixed bag, I'm surprised the yen has responded at all: This article was written by Eamonn Sheridan at www.forexlive.com.
The data:
- Tokyo area May inflation data: Headline 2.2% y/y (prior 1.8%)
- Japan April Industrial Output -0.1% m/m (expected +0.9%)
- Japan April Retail Sales +2.4% y/y (expected +1.9%)
That data is a mixed bag, I'm surprised the yen has responded at all: This article was written by Eamonn Sheridan at www.forexlive.com.
