Currency
by ForexNewsNow Team on November 29, 2010

Japan retail sales fall for first time this year

NEW YORK (Forex News Now) – Japanese retail sales fell for the first time in 2010, data showed on Monday in one of the day’s major realtime forex news events.

In a report that should impact currency market trading, the Ministry of Economy, Trade and Industry said that the total value of retail sales fell 0.2% in October, down from a rise of 1.4% in September.

Analysts had expected October’s figure to come in at around 0.8%, according to reports from major online FX trading news outlets.

The worse-than-forecast data is expected to have a negative impact on the yen, as retail sales are the key indicator of consumer spending.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))