Today’s economic data from Japan today showed that household spending for April rose 0.2% on monthly basis, better than expected. Analysts expected the data would fall 0.6%. Meanwhile, unemployment rate remains at 3.2% in line with market expectation. Industrial production rose 0.3% on monthly basis, also better than expected. The industrial data was expected to decline 1.5%.
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About The Forex Analyst
Eko Trijuni has been trading forex full time since 2005. He is now the Head Market Analyst for FOREXimf.com. His specialty is technical analysis.