
At 01:50 (GMT+2), Japan will release July data on retail sales volume, an indicator that records the volume of goods sold by retail businesses on a monthly basis based on a sample of stores of different types and sizes. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). On an annualized basis, it is expected to adjust from 2.0% to 1.6%, putting pressure on the yen.

