USD/JPY at 97.60 as Japan Household Spending Rises

Japan household spending rose 3.7 percent in September from a year earlier, official data showed on Tuesday, signaling a recovery in consumer spending.

The increase was much higher than the 0.5 percent increase analysts polled by Reuters were expecting, and compared to the 1.6 percent on year decline in August.

Meanwhile, jobless rate for the month came in at 4 percent, in line with expectations, down slightly from 4.1 percent in August.


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