The USD/JPY pair rose slightly as traders reacted to income and spending data from Japan. The data showed that household spending declined by 16.2% in May after falling by 11.1% in April. Overtime pay declined by 25.80% mostly because of the state of emergency. The USD/JPY rose slightly as traders reacted to the weak household income and expenditure survey. The pair is trading at 107.40, which is higher than the day’s low of 107.25. {chart} Household spending in Japan declined in May as the country implemented a state of emergency due to the coronavirus pandemic. According to the statistics office, household spending ... (full story)