USD/JPY is dribbling a little lower after the stunning beat for this data, both y/y and m/m:

• Japan data – May household spending +4.7% y/y (expected +1.2%, prior -0.1%)

The yen move is tiny, of course, in comparison with the non farm payroll USD/JPY jump:

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