EURUSD NFP & My Crazy Eye 1HR - #HOKCAPITALFor the Japanese Yen
Household spending rose by 2.6%, month-on-month, following on from an 11.5% slide in October. Economists had forecast a 9.8% decline. Year-on-year, spending fell by 2%, however, which was worse than a forecasted 2.5% rise. In October, spending had fallen by 5.1%.
According to the Statistic Bureau,
There were heavy falls in spending on education (-17.1%), furniture & household utensils (-13.1%), clothing & footwear (-6.8%), and housing (-4.1%).
Spending on fuel, light & water charges (-1.5%) and on transportation & communication (-0.1%) also declined.
There were increases in spending on medical care (6.0%), culture & recreation (3.4%), and food (0.2%), however.
The fall in spending, year-on-year, came in spite of disposable income rising by 2.7%, supported by a 1.9% rise in income.
The Japanese Yen moved from ¥109.52 to ¥109.517 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.04% to ¥109.56 against the greenback.
