The Greenback rose temporary against the Japanese Yen, following mixed US economic date on Friday. The USD/JPY currency pair added 28 base points or 0.34% to reach another strating point for a decline.
The US retail sales rose in December, as consumers bought more goods and the previous month’s figures were revised up, indicating that the country’s economy finished 2017 with solid momentum. The Commerce Department stated that retail sales increased 0.4% in December, following an upwardly revised 0.9% gain previously. Data was likely to bolster expectations of a stronger increase in consumer spending in the Q4. Consumer spending, which contributes for more than 60% of the US economic activity, grew at a 2.2% yearly rate in the Q3.
