Japan Retail sales for February +3.1% m/m (vs. expected 0.8%)

More Japanese data, this time its Retail sales for February 

A big beat at +3.1% m/m
-1.5 % y/y also a beat
Japan was in the midst of a state of emergency in Tokyo and surrounds – despite this retail has performed strongly. The emergency declaration has since ended so logic would dictate the March figure will be strong also. I am not sure expecting logic from data is a reliable tactic though! 

Invest in yourself. See our forex education hub. Source

Leave a Reply

Your email address will not be published. Required fields are marked *