Retail trade YoY for October comes in at -0.2% vs 0.2% estimate

Japan retail sales for the month of October came in weaker than expected.

  • Retail sales MoM came in at 0.0% vs 0.2% estimate. The prior month showed a 0.8% gain
  • The Retail Trader YoY for October fell -0.2% vs 0.2% estimate vs 2.3% last month
  • Department Store and Supermarket sales fell -0.7%, which was slightly better than -0.8% estimate. The prior month showed a 1.9% gain.

The USDJPY is trading up at the highs for the day at 111.64. The low for the day so far reached 111.39.

Looking at the daily chart, the price is trading between the 100 and 200 day MA at 111.59-69. A move above is more bullish. Key level.