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!
-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!
This article was originally published by Forexlive.com. Read the original article here.