Japan May Retail Sales +5.7% y/y (expected +5.4%)

<p>Data from Japan for May month retail sales, come out ahead of expected at 5.7% y/y</p><ul><li>expected 5.4%, prior 5.0%</li></ul><p>For the m/m, also a beat at +1.3%</p><ul><li>expected +0.5%, prior -1.1%</li></ul><p>USD/JPY tracked higher again overnight, which should keep verbal intervention comments from Japanese authorities on the boil today. </p>

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