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Japanese yen calm after mixed spending and income data

The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 148.56, down 0.09%. Japan released mixed data o

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Japanese Yen Calm After Mixed Spending and Income Data

The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 148.56, down 0.09%. Japan released mixed data on Monday. Average Cash Earnings for December rebounded with a 1% gain, following a 0.2% gain in November. This was a strong reading but missed the market estimate of 1.3%. Household Spending can’t find its footing and posted a 10th straight decline, at -2.5% y/y. This followed the 2.9% drop in November and missed the market estimate of -2.1%.

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