Japan consumer confidence strengthens more-than-expected in March
Survey data from the Cabinet Office showed Thursday that Japanese consumer confidence strengthened more-than-expected in March. The consumer confidence index rose to 43.9 from 43.2 in February, beating forecasts for a score of 43.4.
Japanese consumer confidence hit its highest level in three-and-a-half years, amid gains in all sub-indexes. The sub-indexes for income growth, employment and the willingness to buy durable goods grew 0.7 points each and the measure for overall livelihood added 0.9 points.
The Yen was little changed after the data. USD/JPY was trading at 110.87 at 1115 GMT. FxWirePro's Hourly USD Spot Index was at 88.9547 (Bullish), while Hourly JPY Spot Index was at 35.9698 (Neutral) at 0115 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.