The USD/JPY currency pair ignored stronger-than-anticipated CB consumer confidence report. The Greenback fell slightly against the Yen, but continued trading session higher, in the 108.75 area.
The US consumer confidence strengthened over the course of January, while house prices rose further in November, indicating that a recent consumer spending acceleration was set to be steady despite a sluggish pay growth. The Conference Board stated that the consumer confidence index rose to 125.4 in January, suggesting stronger spending in the beginning of the year. However, consumers were less optimistic in the current conditions’ evaluation, while being more ambivalent concerning income prospects.
