Japan January retail sales +3.9% y/y

• expected +4.0%
• prior +3.5%

The data of focus so far from Japan has been:

• Tokyo February headline CPI +2.9% y/y vs. +3.2% expected

The yen has weakened on the CPI data, at the margin it suggests less urgency on Bank of Japan rate hikes.

This article was written by Eamonn Sheridan at www.forexlive.com.

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