Japan – Retail trade data for December
-1.7% m/m
– expected -0.5% m/m, prior +0.2%
+0.6% y/y
– expected +1.7% y/y, prior +1.7%
You would think that a miss on data such as this would be a yen negative (more BOJ easing for longer). Don’t forget to factor in the politics to this, though … US politics that is.