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USD/JPY Technical Analysis: The Rebound to the Upside Lacks

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$USDJPY - The Rebound to the Upside Lacks Momentum

US retail sales rose less than expected, while a core measure of household spending indicated a more resilient consumer at the end of the second quarter. Commerce Department data on Tuesday showed that the value of retail purchases rose by 0.2% in June after an upwardly revised 0.5% increase in May.

The government's first estimate of GDP for the second quarter will be released next week, and several economists said after the report that the sales figures indicated momentum entering the third quarter.

 

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