long audjpy 93.80 stop 93.10 target 95
Retail sales JAPAN fall more steeply than expected; also down mom: March retail sales fell sharply by 9.7% yoy in reaction to the prior-year peak in rush demand ahead of the March 2014 consumption tax hike (March 2014 retail sales: +11.0% yoy). Although a reactive decline had been expected by the market, it was greater than forecast (-7.3% yoy)
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