Retail Sales. Japan, 01:50 (GMT+2)

Japanese retail trade data will be published at 01:50 (GMT+2). On a monthly basis the indicator is expected to drop to –0.3% in July from 1.5% a month earlier. YoY the indicator is likely to drop to 1.2% in July against 1.7% a month earlier. It reflects changes in the volumes of sales in major retail stores. The growth of the indicator shows an uptake of consumption and has a positive impact on the economy. The decrease of the indicator shows an economic fall and is a negative factor. A high value of the indicator strengthens JPY, and a low one weakens it.

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