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Japan's FinMin: Bad weather in July affected household consumption

FXStreet (Bali) - Japan's finance minister Aso crossed the wires, via Bloomberg, noting that bad weather in July affected household consumption, which came surprisingly low earlier today, registering a 5.9% decline vs -3% exp.

Further headlines, quoting Aso, included: "Slowdown in Japan after sales tax hike is waning..." Meanwhile, economy minister Amari was quoted saying " no need to be too pessimistic about drop in consumption, natural disaster would affect consumption in July, Japan’s economic recovery trend is firm."

AUD/NZD meets resistance on the spike

AUD/NZD is trading at 1.1181, up 0.20% on the day, having posted a daily high at 1.1186 and low at 1.1154.
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