The US dollar hit a one month high against the Japanese Yen on an intraday basis. Despite the 266 point rally in the Dow Jones Industrial Average, which completely erased the prior day’s drop, the only Yen crosses to follow suit were USD/JPY and CAD/JPY. Japanese economic data was mixed with the jobless rate rising, but household spending beating expectations. Despite the improvement, Japanese retail sales are still negative, reflecting the problems in the overall economy. Labor cash earnings are due for release this evening, but as usual, Japanese data should only have a limited impact on the Yen.