News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Fed's Bullard: - Markets trust Fed to keep inflation under control - Would welcome inflation above 2% on a sustained basis - Ok if we were 0.5% above target for some time #Fed $USD
  • Fed's Bullard: - We have the right policy tools for the situation - Will wait and see on inflation as it has been too low in the past - May see more inflation in 2021 and 2022 than we're used to - Economy looks like it will be robust in 2021 #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.07% 🇨🇭CHF: -0.20% 🇯🇵JPY: -0.25% 🇬🇧GBP: -0.60% 🇳🇿NZD: -0.66% 🇦🇺AUD: -0.80% View the performance of all markets via
  • Fed's Kashkari: - Uptick in real yields would give me concern, could warrant a policy response, but not seeing that - The 10yr real yield is basically flat from where it was last summer - Recent movements in Treasury markets suggest Fed's new framework is working #Fed $USD
  • Fed's Kashkari: - The Fed has powerful tools if inflation starts to climb - We are not concerned about the Fed's willingness to deal with high inflation, we need to get there first #Fed $USD
  • Fed's Kashkari: - The true unemployment rate is around 9.5% - It would be great to get back to full employment by 2023 - Full employment to me is when employment and wage growth are strong enough to get to 2% inflation #Fed $USD
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.39% France 40: 0.30% Germany 30: 0.28% Wall Street: 0.09% US 500: -0.23% View the performance of all markets via
  • $USDCHF is continuing to strengthen today, now trading above the 0.9300 level. The pair is currently at its highest point since last July after three weeks of continued strength, rising from 0.8900 in mid February to its current levels. $USD $CHF
  • Hey traders! Wrap up your week with a quick update on #NFP and more from @DailyFX Chief Strategist @JohnKicklighter 👇
  • US, EU said to reach deal to suspend Boeing-Airbus tariffs. $USD $EUR
Japanese Yen Steady Despite May Retail Sales Miss

Japanese Yen Steady Despite May Retail Sales Miss

David Cottle, Analyst

Talking Points

  • Japanese retail sales missed forecasts for May
  • One bright spot was that the run of annualized gains at least continues
  • The Japanese Yen didn’t have much time for the release

Get live coverage of all major Asian market events, including Friday’s Japanese consumer price index release, at the DailyFX Webinars.

The Japanese Yen showed little reaction Thursday to news that domestic retail sales missed expectations in May.

Official data showed a fall of 1.6% on the month, worse than the 1% decline which markets had expected. The annualized picture was a little brighter. There sales rose 2%. That was well below the 2.6% forecasted increase but it did at least mean a seventh consecutive month of gains for this series.

The overall message appears to be that, while persistently slow wage growth is still acting as a brake on shoppers, private consumption is creeping upward albeit at a snail’s pace.

The Yen wasn’t much moved by Thursday’s data releases, with currency markets more focused on recent commentary by various high-level central bankers including Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi.

Japanese Yen Steady Despite May Retail Sales Miss

Numbers released simultaneously showed that Foreign investors sold Japanese bonds at a faster pace last week than in previous weeks, while selling stocks at a slower pace. Japanese buying of foreign bond slowed while purchases of foreign stocks were steady.

Friday will see the release of some more important Japanese economic numbers in the form of official consumer price and unemployment data.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.